Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Morse Asset Management Inc

Morse Asset Management Inc decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,285 shares of the semiconductor manufacturer’s stock after selling 761 shares during the quarter. Morse Asset Management Inc’s holdings in Advanced Micro Devices were worth $3,054,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank raised its position in Advanced Micro Devices by 6.7% in the fourth quarter. Czech National Bank now owns 351,871 shares of the semiconductor manufacturer’s stock valued at $42,502,000 after purchasing an additional 22,159 shares during the period. EWG Elevate Inc. purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $215,000. TT International Asset Management LTD raised its holdings in shares of Advanced Micro Devices by 1,856.2% in the 4th quarter. TT International Asset Management LTD now owns 156,495 shares of the semiconductor manufacturer’s stock valued at $18,903,000 after buying an additional 148,495 shares during the period. Winthrop Advisory Group LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $286,000. Finally, Fiduciary Alliance LLC raised its holdings in shares of Advanced Micro Devices by 264.9% in the 4th quarter. Fiduciary Alliance LLC now owns 7,558 shares of the semiconductor manufacturer’s stock valued at $913,000 after buying an additional 5,487 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMD shares. Truist Financial set a $130.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Sanford C. Bernstein lowered their price objective on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Benchmark reaffirmed a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Morgan Stanley lowered their price objective on Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 7th. Finally, Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $131.13.

Advanced Micro Devices Stock Up 5.1%

AMD opened at $108.12 on Tuesday. The company has a market cap of $175.31 billion, a PE ratio of 109.21, a P/E/G ratio of 1.11 and a beta of 1.97. The business has a 50 day moving average price of $97.54 and a two-hundred day moving average price of $115.80. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS 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.