Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,988 shares of the semiconductor manufacturer’s stock after selling 7,713 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Advanced Micro Devices were worth $1,941,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMD. LGT Fund Management Co Ltd. boosted its holdings in shares of Advanced Micro Devices by 7.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 44,368 shares of the semiconductor manufacturer’s stock valued at $5,359,000 after acquiring an additional 3,000 shares during the period. LGT Group Foundation raised its position in Advanced Micro Devices by 7.2% in the 4th quarter. LGT Group Foundation now owns 116,387 shares of the semiconductor manufacturer’s stock valued at $14,058,000 after purchasing an additional 7,837 shares during the last quarter. Bellecapital International Ltd. boosted its stake in Advanced Micro Devices by 42.5% during the 4th quarter. Bellecapital International Ltd. now owns 154,086 shares of the semiconductor manufacturer’s stock worth $18,612,000 after purchasing an additional 45,975 shares during the period. SBI Securities Co. Ltd. purchased a new position in Advanced Micro Devices during the 4th quarter worth $10,127,000. Finally, Jones Financial Companies Lllp grew its position in Advanced Micro Devices by 93.4% during the 4th quarter. Jones Financial Companies Lllp now owns 223,959 shares of the semiconductor manufacturer’s stock worth $27,052,000 after purchasing an additional 108,179 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 0.3 %

NASDAQ:AMD opened at $99.81 on Monday. The company has a market capitalization of $161.74 billion, a PE ratio of 100.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52-week low of $98.69 and a 52-week high of $227.30. The stock has a fifty day simple moving average of $116.94 and a 200-day simple moving average of $136.84. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMD. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Benchmark reaffirmed a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Friday, February 7th. KeyCorp decreased their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.