Nilsine Partners LLC Has $1.66 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nilsine Partners LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,727 shares of the semiconductor manufacturer’s stock after selling 864 shares during the period. Nilsine Partners LLC’s holdings in Advanced Micro Devices were worth $1,658,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Invst LLC lifted its holdings in Advanced Micro Devices by 9.0% during the 2nd quarter. Invst LLC now owns 1,590 shares of the semiconductor manufacturer’s stock worth $251,000 after buying an additional 131 shares in the last quarter. Regal Investment Advisors LLC boosted its holdings in Advanced Micro Devices by 8.4% in the second quarter. Regal Investment Advisors LLC now owns 10,024 shares of the semiconductor manufacturer’s stock valued at $1,626,000 after acquiring an additional 773 shares during the last quarter. EP Wealth Advisors LLC increased its position in Advanced Micro Devices by 21.1% in the second quarter. EP Wealth Advisors LLC now owns 55,566 shares of the semiconductor manufacturer’s stock worth $9,013,000 after purchasing an additional 9,700 shares during the period. IMS Capital Management lifted its position in Advanced Micro Devices by 5.6% during the 2nd quarter. IMS Capital Management now owns 7,544 shares of the semiconductor manufacturer’s stock valued at $1,180,000 after purchasing an additional 402 shares during the period. Finally, Advisory Alpha LLC boosted its stake in shares of Advanced Micro Devices by 7.5% in the 2nd quarter. Advisory Alpha LLC now owns 4,674 shares of the semiconductor manufacturer’s stock valued at $758,000 after purchasing an additional 326 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last three months. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Melius Research restated a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the company from $180.00 to $155.00 in a research note on Monday, December 9th. UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.07.

Advanced Micro Devices Trading Down 0.7 %

AMD opened at $114.17 on Wednesday. The company’s 50 day moving average is $127.65 and its 200-day moving average is $142.74. The company has a market cap of $185.28 billion, a P/E ratio of 102.86, a PEG ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $112.80 and a 1-year high of $227.30. 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 (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share 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.