King Luther Capital Management Corp Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

King Luther Capital Management Corp trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 46,918 shares of the semiconductor manufacturer’s stock after selling 8,076 shares during the period. King Luther Capital Management Corp’s holdings in Advanced Micro Devices were worth $5,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB increased its holdings in Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after buying an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC increased its stake in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares during the period. United Bank purchased a new position in Advanced Micro Devices in the third quarter valued at approximately $516,000. Finally, Ashton Thomas Securities LLC bought a new position in Advanced Micro Devices during the third quarter valued at $252,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on AMD shares. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Bank of America reduced their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Finally, Mizuho reduced their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $96.76 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $202.85. The company has a fifty day moving average of $113.39 and a 200-day moving average of $134.17. The company has a market capitalization of $156.80 billion, a P/E ratio of 97.74, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.