Cynosure Group LLC Has $344,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cynosure Group LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,844 shares of the semiconductor manufacturer’s stock after selling 287 shares during the quarter. Cynosure Group LLC’s holdings in Advanced Micro Devices were worth $344,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Howard Capital Management Group LLC increased its position in Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 324 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after buying an additional 588,595 shares during the last quarter. United Bank bought a new stake in shares of Advanced Micro Devices during the third quarter worth $516,000. Atom Investors LP increased its holdings in shares of Advanced Micro Devices by 32.0% during the third quarter. Atom Investors LP now owns 6,245 shares of the semiconductor manufacturer’s stock worth $1,025,000 after buying an additional 1,515 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Advanced Micro Devices by 4.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 71,326 shares of the semiconductor manufacturer’s stock valued at $11,703,000 after acquiring an additional 2,908 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMD. Mizuho reduced their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Barclays dropped their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Benchmark reissued a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, Susquehanna decreased their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $152.72.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $102.96 on Thursday. The stock has a 50-day moving average of $108.21 and a 200-day moving average of $129.81. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market cap of $166.41 billion, a PE ratio of 104.00, a P/E/G ratio of 1.11 and a beta of 1.88.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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 predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

About Advanced Micro Devices

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.