Sigma Planning Corp Sells 15,931 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sigma Planning Corp lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 55.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,959 shares of the semiconductor manufacturer’s stock after selling 15,931 shares during the period. Sigma Planning Corp’s holdings in Advanced Micro Devices were worth $1,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Gables Capital Management Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $30,000. Castleview Partners LLC increased its holdings in Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Peoples Bank KS acquired a new stake in Advanced Micro Devices during the 3rd quarter valued at $26,000. Finally, Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices during the 3rd quarter valued at $27,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock opened at $146.88 on Monday. The business’s 50-day moving average price is $179.64 and its two-hundred day moving average price is $149.24. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm has a market cap of $237.38 billion, a PE ratio of 282.01, a P/E/G ratio of 2.23 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its earnings results 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 analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a report on Monday, January 8th. UBS Group lifted their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Barclays lifted their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Get Our Latest Research Report on Advanced Micro Devices

Insiders Place Their Bets

In other news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the SEC, which is accessible through 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 341,143 shares of company stock worth $62,580,844. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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