AtonRa Partners Sells 464 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

AtonRa Partners lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,248 shares of the semiconductor manufacturer’s stock after selling 464 shares during the period. Advanced Micro Devices accounts for approximately 1.2% of AtonRa Partners’ investment portfolio, making the stock its 19th biggest holding. AtonRa Partners’ holdings in Advanced Micro Devices were worth $626,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Addison Advisors LLC increased its holdings in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 62 shares during the period. Schear Investment Advisers LLC grew its position in Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after buying an additional 64 shares in the last quarter. Fiduciary Group LLC increased its stake in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares during the period. EWA LLC raised its holdings in Advanced Micro Devices by 4.0% in the 4th quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock valued at $269,000 after acquiring an additional 70 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of Advanced Micro Devices by 36.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 72 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMD shares. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. KeyCorp raised their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. UBS Group boosted their price target on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.68.

Insider Buying and Selling

In other news, CAO Darla M. Smith sold 1,678 shares of the 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 filing with the SEC, which is accessible through the SEC website. In other news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Up 1.8 %

Advanced Micro Devices stock traded up $2.80 during mid-day trading on Monday, reaching $160.20. The stock had a trading volume of 43,392,332 shares, compared to its average volume of 72,423,914. The firm has a market capitalization of $258.91 billion, a PE ratio of 307.04, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock’s 50-day simple moving average is $177.46 and its 200-day simple moving average is $150.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm 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 revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal 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.