Evergreen Capital Management LLC Has $1.29 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Evergreen Capital Management LLC lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,668 shares of the semiconductor manufacturer’s stock after selling 467 shares during the quarter. Evergreen Capital Management LLC’s holdings in Advanced Micro Devices were worth $1,289,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $2,867,193,000. Van ECK Associates Corp increased its holdings in Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after buying an additional 2,238,866 shares during the last quarter. Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $165,952,000. Finally, APG Asset Management N.V. raised its holdings in shares of Advanced Micro Devices by 675.9% in the 4th quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer’s stock valued at $180,401,000 after purchasing an additional 1,347,203 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, 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. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 0.9 %

Shares of AMD opened at $87.50 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The firm has a market cap of $141.42 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89. The business’s fifty day moving average is $101.40 and its 200-day moving average is $124.05.

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

Analyst Ratings Changes

A number of brokerages have weighed in on AMD. Evercore ISI lowered their price target on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Finally, Susquehanna reduced their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $144.90.

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.