Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,103 shares of the semiconductor manufacturer’s stock after selling 6,897 shares during the quarter. FNY Investment Advisers LLC’s holdings in Advanced Micro Devices were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc raised its stake in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after buying an additional 60 shares during the period. Wealth Effects LLC raised its position in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after acquiring an additional 65 shares during the period. Jacobsen Capital Management grew its position in shares of Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after purchasing an additional 70 shares during the period. Sigma Investment Counselors Inc. increased its stake in shares of Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after purchasing an additional 74 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC lifted its stake in Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMD. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a research note on Friday. Barclays lowered their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Cowen cut their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.44.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $117.32 on Tuesday. The stock has a market capitalization of $190.39 billion, a price-to-earnings ratio of 105.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business has a 50-day moving average of $132.11 and a 200 day moving average of $146.27. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share 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.