Cypress Capital Management LLC WY Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cypress Capital Management LLC WY reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,720 shares of the semiconductor manufacturer’s stock after selling 909 shares during the period. Cypress Capital Management LLC WY’s holdings in Advanced Micro Devices were worth $932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMD. New Century Financial Group LLC bought a new position in shares of Advanced Micro Devices in the second quarter worth about $246,000. American Trust lifted its holdings in Advanced Micro Devices by 41.4% during the second quarter. American Trust now owns 1,741 shares of the semiconductor manufacturer’s stock valued at $282,000 after purchasing an additional 510 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Advanced Micro Devices by 258.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,098,788 shares of the semiconductor manufacturer’s stock valued at $178,234,000 after purchasing an additional 792,005 shares during the period. Anchor Investment Management LLC lifted its stake in shares of Advanced Micro Devices by 1.6% during the 2nd quarter. Anchor Investment Management LLC now owns 5,919 shares of the semiconductor manufacturer’s stock valued at $960,000 after buying an additional 94 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its holdings in Advanced Micro Devices by 28.9% in the 2nd quarter. Centaurus Financial Inc. now owns 26,197 shares of the semiconductor manufacturer’s stock worth $4,249,000 after buying an additional 5,868 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMD has been the topic of several recent analyst reports. Citigroup decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $175.00 to $129.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $171.04.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $118.86 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $112.80 and a fifty-two week high of $227.30. The company has a market capitalization of $192.89 billion, a PE ratio of 107.08, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a 50 day moving average price of $126.74 and a 200-day moving average price of $142.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

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

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.