Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,386,666 shares of the semiconductor manufacturer's stock after selling 151,302 shares during the quarter. Principal Financial Group Inc. owned 0.15% of Advanced Micro Devices worth $288,285,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. FengHe Fund Management Pte. Ltd. grew 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 valued at $52,628,000 after purchasing an additional 369,000 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $54,000. J.W. Cole Advisors Inc. grew its stake in Advanced Micro Devices by 11.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 35,283 shares of the semiconductor manufacturer's stock valued at $4,262,000 after purchasing an additional 3,487 shares in the last quarter. Opes Wealth Management LLC grew its stake in Advanced Micro Devices by 7.0% during the 4th quarter. Opes Wealth Management LLC now owns 2,890 shares of the semiconductor manufacturer's stock valued at $349,000 after purchasing an additional 190 shares in the last quarter. Finally, L.M. Kohn & Company grew its stake in Advanced Micro Devices by 1.4% during the 4th quarter. L.M. Kohn & Company now owns 6,973 shares of the semiconductor manufacturer's stock valued at $842,000 after purchasing an additional 97 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction dated 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 directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $3.33 during mid-day trading on Friday, hitting $110.84. 41,194,513 shares of the company's stock traded hands, compared to its average volume of 40,816,133. The firm has a 50 day moving average price of $118.84 and a 200 day moving average price of $137.94. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $179.61 billion, a PE ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMD shares. Citigroup lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Cantor Fitzgerald restated an "overweight" rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $158.70.

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.