Gladstone Institutional Advisory LLC Sells 6,036 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Gladstone Institutional Advisory LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,131 shares of the semiconductor manufacturer’s stock after selling 6,036 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Advanced Micro Devices were worth $3,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AMD. Charles Schwab Investment Management Inc. raised its stake in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after purchasing an additional 177,700 shares during the period. Swiss National Bank raised its position in Advanced Micro Devices by 0.3% in the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock worth $787,186,000 after acquiring an additional 12,500 shares during the period. Shum Financial Group Inc. bought a new stake in Advanced Micro Devices in the third quarter worth about $858,000. State Street Corp grew its position in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after acquiring an additional 441,924 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $111.72 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. The stock has a market cap of $181.04 billion, a P/E ratio of 112.85, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The firm’s fifty day moving average price is $122.17 and its 200-day moving average price is $139.31.

Advanced Micro Devices (NASDAQ:AMD) last released 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 return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on AMD. Loop Capital started coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price target for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. KeyCorp decreased their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, Melius Research reiterated a “hold” rating and set a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 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.