Fulton Breakefield Broenniman LLC Sells 8,524 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fulton Breakefield Broenniman LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,434 shares of the semiconductor manufacturer's stock after selling 8,524 shares during the period. Fulton Breakefield Broenniman LLC's holdings in Advanced Micro Devices were worth $6,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC lifted its holdings in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $32,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 in the last quarter. Insiders own 0.65% of the company's stock.

Advanced Micro Devices Trading Up 2.9 %

Shares of Advanced Micro Devices stock traded up $3.35 during trading on Wednesday, reaching $117.52. The company's stock had a trading volume of 26,465,083 shares, compared to its average volume of 38,575,590. The company has a market cap of $190.71 billion, a price-to-earnings ratio of 105.94, a PEG ratio of 1.09 and a beta of 1.66. The firm's 50-day moving average is $127.14 and its two-hundred day moving average is $142.27. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $112.80 and a 52-week high of $227.30.

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 (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $0.53 EPS. Advanced Micro Devices's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMD. Morgan Stanley reduced their price objective on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. 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. Cantor Fitzgerald reiterated an "overweight" rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Susquehanna decreased their price target on shares of Advanced Micro Devices from $200.00 to $165.00 and set a "positive" rating for the company in a research note on Wednesday. Finally, KeyCorp dropped their price objective on shares of Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $171.86.

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.