Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.5% in the fourth quarter, HoldingsChannel reports. The fund owned 6,441 shares of the semiconductor manufacturer’s stock after selling 1,003 shares during the quarter. Flputnam Investment Management Co.’s holdings in Advanced Micro Devices were worth $949,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Castleview Partners LLC raised its position in shares of Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Peoples Bank KS purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at about $27,000. Founders Capital Management grew its stake in Advanced Micro Devices by 104.2% during the 4th quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock valued at $43,000 after acquiring an additional 150 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in Advanced Micro Devices by 54.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 5.8 %

Shares of Advanced Micro Devices stock opened at $154.02 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company has a market capitalization of $248.92 billion, a P/E ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64. The company’s fifty day moving average is $180.44 and its two-hundred day moving average is $148.23.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the company from $180.00 to $225.00 in a research note on Tuesday. KeyCorp increased their price target on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a research note on Monday, January 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $190.00 price target on shares of Advanced Micro Devices in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.15.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 over the last quarter. Corporate insiders own 0.65% of the company’s stock.

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.