Americana Partners LLC Lowers Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Americana Partners LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 40.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 27,061 shares of the semiconductor manufacturer's stock after selling 18,649 shares during the period. Americana Partners LLC's holdings in Advanced Micro Devices were worth $3,269,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. 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 period. Jacobsen Capital Management grew its holdings in Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock valued at $554,000 after purchasing an additional 70 shares during the period. Sigma Investment Counselors Inc. grew its holdings in Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock valued at $243,000 after purchasing an additional 74 shares during the period. Bedell Frazier Investment Counselling LLC lifted 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 in the last quarter. Finally, TFG Advisers LLC lifted its position in shares of Advanced Micro Devices by 1.6% in the third quarter. TFG Advisers LLC now owns 4,649 shares of the semiconductor manufacturer's stock valued at $763,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the 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 transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, 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 0.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMD shares. Hsbc Global Res downgraded Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. Benchmark restated a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Argus upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Thursday, February 6th. Finally, HSBC restated a "reduce" rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Trading Down 2.9 %

Shares of AMD traded down $3.33 during mid-day trading on Friday, reaching $110.84. 41,194,513 shares of the company's stock traded hands, compared to its average volume of 40,816,133. The stock has a market cap of $179.61 billion, a P/E ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.65. The stock's 50-day moving average is $118.84 and its two-hundred day moving average is $137.94. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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.