Connors Investor Services Inc. Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Connors Investor Services Inc. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 37.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,267 shares of the semiconductor manufacturer's stock after selling 37,826 shares during the period. Connors Investor Services Inc.'s holdings in Advanced Micro Devices were worth $11,239,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Addison Advisors LLC increased its stake in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 62 shares in the last quarter. Prentice Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer's stock worth $711,000 after purchasing an additional 62 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer's stock worth $1,314,000 after purchasing an additional 63 shares in the last quarter. Schear Investment Advisers LLC boosted its position in shares of Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer's stock valued at $2,323,000 after acquiring an additional 64 shares during the period. Finally, Fiduciary Group LLC boosted its position in shares of Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer's stock valued at $371,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company's stock, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Mark D. Papermaster sold 16,756 shares of the business's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of analyst reports. Benchmark cut their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Roth Mkm cut their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. Citigroup raised their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, July 15th. Finally, Morgan Stanley lowered shares of Advanced Micro Devices from an "overweight" rating to an "equal weight" rating and set a $176.00 price objective for the company. in a research report on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.97.

Advanced Micro Devices Trading Down 2.7 %

Shares of NASDAQ AMD traded down $4.19 during mid-day trading on Friday, hitting $151.58. The stock had a trading volume of 47,513,063 shares, compared to its average volume of 50,288,988. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The business has a 50 day moving average price of $164.27 and a two-hundred day moving average price of $168.28. The firm has a market cap of $245.00 billion, a P/E ratio of 222.92, a price-to-earnings-growth ratio of 1.75 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.6 EPS 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.

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