Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by McAdam LLC

McAdam LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,212 shares of the semiconductor manufacturer’s stock after selling 195 shares during the quarter. McAdam LLC’s holdings in Advanced Micro Devices were worth $388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Capital Management Investments LLC raised its holdings in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the period. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $32,000. FSA Wealth Management LLC acquired a new position in shares of Advanced Micro Devices during the third quarter worth $41,000. Finally, Coston McIsaac & Partners boosted its stake in shares of Advanced Micro Devices by 319.4% in the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last three months. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Melius Research reiterated a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Susquehanna reduced their price target on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Loop Capital started coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.77.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $115.95 on Monday. The company has a 50-day moving average price of $125.92 and a two-hundred day moving average price of $141.24. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The stock has a market cap of $188.16 billion, a price-to-earnings ratio of 104.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

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.