Principal Securities Inc. Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Principal Securities Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,120 shares of the semiconductor manufacturer's stock after selling 3,559 shares during the period. Principal Securities Inc.'s holdings in Advanced Micro Devices were worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Swedbank AB grew its holdings in shares of Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer's stock worth $353,040,000 after acquiring an additional 17,446 shares during the period. Howard Capital Management Group LLC lifted its position in Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 324 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 6.7% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,903 shares of the semiconductor manufacturer's stock valued at $969,000 after buying an additional 370 shares during the period. New Century Financial Group LLC lifted its holdings in shares of Advanced Micro Devices by 13.5% during the 3rd quarter. New Century Financial Group LLC now owns 1,724 shares of the semiconductor manufacturer's stock valued at $283,000 after buying an additional 205 shares during the period. Finally, OLD National Bancorp IN lifted its holdings in shares of Advanced Micro Devices by 6.8% during the 3rd quarter. OLD National Bancorp IN now owns 14,645 shares of the semiconductor manufacturer's stock valued at $2,403,000 after buying an additional 934 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. Wolfe Research lowered Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Bank of America cut their price target on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Wedbush reiterated an "outperform" rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $158.70.

Advanced Micro Devices Trading Down 2.9 %

NASDAQ AMD traded down $3.33 during trading on Friday, hitting $110.84. The stock had a trading volume of 41,194,513 shares, compared to its average volume of 40,816,133. The stock has a market capitalization of $179.61 billion, a price-to-earnings ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.65. The stock has a 50 day simple moving average of $118.84 and a 200 day simple moving average of $137.94. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year 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 issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting 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 year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company's stock.

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.