Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by DE Burlo Group Inc.

DE Burlo Group Inc. reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 245,285 shares of the semiconductor manufacturer's stock after selling 23,590 shares during the period. Advanced Micro Devices accounts for about 4.0% of DE Burlo Group Inc.'s holdings, making the stock its 7th biggest holding. DE Burlo Group Inc.'s holdings in Advanced Micro Devices were worth $29,628,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $32,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 0.3 %

Shares of NASDAQ AMD traded down $0.25 during midday trading on Monday, hitting $96.39. The stock had a trading volume of 30,402,016 shares, compared to its average volume of 42,765,158. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a market capitalization of $155.79 billion, a price-to-earnings ratio of 97.36, a PEG ratio of 1.11 and a beta of 1.89. The company has a fifty day moving average price of $98.72 and a 200 day moving average price of $120.25.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value 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. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the topic of several analyst reports. Melius Research reiterated a "hold" rating and issued a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Evercore ISI decreased their price target on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price target for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Hsbc Global Res downgraded Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Finally, Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.57.

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.