Burr Financial Services LLC Sells 18,879 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Burr Financial Services LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 71.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,723 shares of the semiconductor manufacturer's stock after selling 18,879 shares during the quarter. Advanced Micro Devices makes up about 0.6% of Burr Financial Services LLC's holdings, making the stock its 17th biggest holding. Burr Financial Services LLC's holdings in Advanced Micro Devices were worth $933,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its holdings in Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock worth $97,000 after buying an additional 60 shares during the last quarter. Wealth Effects LLC grew its holdings in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after purchasing an additional 65 shares during the last quarter. Jacobsen Capital Management boosted its position in shares of Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock valued at $554,000 after acquiring an additional 70 shares during the period. Sigma Investment Counselors Inc. boosted its position in shares of Advanced Micro Devices by 5.3% in the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock valued at $243,000 after acquiring an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC boosted its position in shares of Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMD. HSBC reaffirmed a "reduce" rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. KeyCorp cut their price objective on Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Benchmark reissued a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Finally, Citigroup cut their price objective on Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $177.71.

Advanced Micro Devices Stock Down 0.6 %

Shares of NASDAQ:AMD traded down $0.75 during trading on Thursday, hitting $123.00. 19,487,292 shares of the company were exchanged, compared to its average volume of 37,800,223. The stock has a market cap of $199.60 billion, a price-to-earnings ratio of 110.77, a P/E/G ratio of 1.08 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The firm has a fifty day moving average price of $128.68 and a two-hundred day moving average price of $144.27. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business's quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, 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 of the company's stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, 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. In the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by insiders.

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.