Aurora Investment Managers LLC. Sells 259 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aurora Investment Managers LLC. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,509 shares of the semiconductor manufacturer’s stock after selling 259 shares during the quarter. Aurora Investment Managers LLC.’s holdings in Advanced Micro Devices were worth $1,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Advanced Micro Devices by 89.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock valued at $336,000 after buying an additional 974 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Advanced Micro Devices by 21.1% in the second quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer’s stock worth $26,937,000 after acquiring an additional 28,961 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter worth $111,000. EverSource Wealth Advisors LLC raised its stake in Advanced Micro Devices by 7.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,332 shares of the semiconductor manufacturer’s stock valued at $1,514,000 after purchasing an additional 666 shares during the last quarter. Finally, Edge Capital Group LLC boosted its holdings in Advanced Micro Devices by 5.3% in the 2nd quarter. Edge Capital Group LLC now owns 6,159 shares of the semiconductor manufacturer’s stock valued at $999,000 after purchasing an additional 309 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday. KeyCorp cut their price target on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Morgan Stanley decreased their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Finally, UBS Group reduced their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $178.61.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 80,000 shares of the business’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 transaction of $11,509,600.00. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 over the last ninety days. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 2.5 %

AMD stock opened at $121.46 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30. The company has a market cap of $197.11 billion, a P/E ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. The business has a fifty day moving average of $129.94 and a 200-day moving average of $145.06.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current 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.