Delta Financial Advisors LLC Sells 160 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Delta Financial Advisors LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,120 shares of the semiconductor manufacturer’s stock after selling 160 shares during the quarter. Delta Financial Advisors LLC’s holdings in Advanced Micro Devices were worth $256,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMD. Creative Capital Management Investments LLC increased its stake in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares during the last quarter. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices during the third quarter worth $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $32,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Down 3.8 %

AMD opened at $103.96 on Wednesday. Advanced Micro Devices, Inc. has a 1-year low of $103.62 and a 1-year high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market cap of $168.47 billion, a P/E ratio of 105.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. The company has a fifty day moving average price of $118.05 and a two-hundred day moving average price of $137.65.

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

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. 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 note on Wednesday, October 30th. Susquehanna decreased their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.83.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.65% of the company’s stock.

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.