D.A. Davidson & CO. Sells 6,777 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

D.A. Davidson & CO. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,674 shares of the semiconductor manufacturer's stock after selling 6,777 shares during the period. D.A. Davidson & CO.'s holdings in Advanced Micro Devices were worth $3,584,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Citizens & Northern Corp grew its position in shares of Advanced Micro Devices by 188.3% in the 4th quarter. Citizens & Northern Corp now owns 6,036 shares of the semiconductor manufacturer's stock valued at $729,000 after buying an additional 3,942 shares during the last quarter. Empower Advisory Group LLC raised its stake in Advanced Micro Devices by 0.6% during the 4th quarter. Empower Advisory Group LLC now owns 25,706 shares of the semiconductor manufacturer's stock worth $3,105,000 after buying an additional 151 shares during the period. CIBC Asset Management Inc raised its stake in Advanced Micro Devices by 26.0% during the 4th quarter. CIBC Asset Management Inc now owns 638,091 shares of the semiconductor manufacturer's stock worth $77,075,000 after buying an additional 131,796 shares during the period. Catalyst Capital Advisors LLC raised its stake in Advanced Micro Devices by 10.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 1,613 shares of the semiconductor manufacturer's stock worth $195,000 after buying an additional 152 shares during the period. Finally, FengHe Fund Management Pte. Ltd. raised its stake in Advanced Micro Devices by 553.2% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 435,700 shares of the semiconductor manufacturer's stock worth $52,628,000 after buying an additional 369,000 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 2.9 %

Shares of Advanced Micro Devices stock traded down $3.33 on Friday, reaching $110.84. The company had a trading volume of 41,194,513 shares, compared to its average volume of 40,816,133. The firm's 50 day moving average price is $119.16 and its two-hundred day moving average price is $138.11. The firm has a market cap of $179.61 billion, a PE ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. 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 company's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMD. Mizuho reduced their target price on Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price target for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Wedbush reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $158.00 to $147.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Finally, Barclays lowered their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Two 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's stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $158.70.

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.