Cannon Advisors Inc. Sells 271 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cannon Advisors Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,344 shares of the semiconductor manufacturer’s stock after selling 271 shares during the quarter. Cannon Advisors Inc.’s holdings in Advanced Micro Devices were worth $404,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMD. Vanguard Group Inc. raised its holdings in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the period. State Street Corp raised its stake in shares of Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock worth $4,224,840,000 after acquiring an additional 835,413 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after purchasing an additional 290,784 shares during the period. Finally, Norges Bank bought a new position in Advanced Micro Devices during the 4th quarter valued at about $2,867,193,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group set a $175.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Benchmark reiterated a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $152.72.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $102.74 on Tuesday. The firm’s 50 day simple moving average is $109.01 and its 200-day simple moving average is $130.35. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28. The stock has a market capitalization of $166.49 billion, a price-to-earnings ratio of 103.78, a PEG ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.