Asset Dedication LLC Sells 5,801 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Asset Dedication LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 57.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,213 shares of the semiconductor manufacturer's stock after selling 5,801 shares during the quarter. Asset Dedication LLC's holdings in Advanced Micro Devices were worth $509,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Kennedy Investment Group acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $208,000. BSW Wealth Partners raised its holdings in shares of Advanced Micro Devices by 1.1% in the 4th quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock worth $1,068,000 after buying an additional 94 shares in the last quarter. Stonegate Investment Group LLC raised its holdings in shares of Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after buying an additional 145,067 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares in the last quarter. Finally, Buffington Mohr McNeal raised its holdings in shares of Advanced Micro Devices by 0.8% in the 4th quarter. Buffington Mohr McNeal now owns 61,488 shares of the semiconductor manufacturer's stock worth $7,427,000 after buying an additional 500 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $1.51 during mid-day trading on Thursday, hitting $118.86. 29,532,825 shares of the stock traded hands, compared to its average volume of 38,860,586. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a twelve month low of $112.80 and a twelve month high of $227.30. The company has a market cap of $192.89 billion, a PE ratio of 107.08, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. The firm has a 50 day simple moving average of $126.74 and a two-hundred day simple moving average of $142.09.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion during 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%. Advanced Micro Devices's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was 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 of the company's stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last three months. Insiders own 0.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMD. Roth Mkm reissued a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Tuesday, January 14th. Evercore ISI lifted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Finally, Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their target price for the company from $160.00 to $129.00 in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $171.86.

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.