Lincoln Capital Corp Sells 306 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lincoln Capital Corp decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,455 shares of the semiconductor manufacturer’s stock after selling 306 shares during the period. Lincoln Capital Corp’s holdings in Advanced Micro Devices were worth $1,021,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMD. Key Client Fiduciary Advisors LLC raised its holdings in shares of Advanced Micro Devices by 2.8% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 7,045 shares of the semiconductor manufacturer’s stock valued at $851,000 after purchasing an additional 195 shares during the period. Veracity Capital LLC lifted its holdings in shares of Advanced Micro Devices by 12.1% in the 4th quarter. Veracity Capital LLC now owns 4,679 shares of the semiconductor manufacturer’s stock worth $565,000 after purchasing an additional 506 shares in the last quarter. Secure Asset Management LLC grew its position in Advanced Micro Devices by 4.2% in the 4th quarter. Secure Asset Management LLC now owns 5,962 shares of the semiconductor manufacturer’s stock valued at $720,000 after purchasing an additional 238 shares during the period. Red Door Wealth Management LLC increased its stake in Advanced Micro Devices by 53.1% during the 4th quarter. Red Door Wealth Management LLC now owns 1,987 shares of the semiconductor manufacturer’s stock valued at $240,000 after purchasing an additional 689 shares in the last quarter. Finally, IVC Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 29.1% during the fourth quarter. IVC Wealth Advisors LLC now owns 2,961 shares of the semiconductor manufacturer’s stock worth $358,000 after buying an additional 668 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.6 %

Shares of AMD opened at $123.04 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The company has a market capitalization of $199.67 billion, a P/E ratio of 110.85, a P/E/G ratio of 1.08 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 firm’s 50 day simple moving average is $128.68 and its 200 day simple moving average is $144.27.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMD shares. Evercore ISI boosted their target price 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. Citigroup cut their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday. Loop Capital started coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target for the company. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Finally, Barclays dropped their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $177.71.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 in the last 90 days. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices 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.