Syon Capital LLC Sells 3,556 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Syon Capital LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,181 shares of the semiconductor manufacturer's stock after selling 3,556 shares during the period. Syon Capital LLC's holdings in Advanced Micro Devices were worth $1,713,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Howard Capital Management Group LLC raised its position in Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after acquiring an additional 588,595 shares during the last quarter. Advisory Resource Group grew its stake in shares of Advanced Micro Devices by 19.3% during the third quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock valued at $1,300,000 after purchasing an additional 1,282 shares during the last quarter. Westside Investment Management Inc. raised its position in Advanced Micro Devices by 1.9% in the 3rd quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock worth $815,000 after purchasing an additional 103 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its position in Advanced Micro Devices by 29.6% in the 3rd quarter. Anchor Investment Management LLC now owns 7,673 shares of the semiconductor manufacturer's stock valued at $1,259,000 after buying an additional 1,754 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, 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 0.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. DZ Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Friday, February 7th. UBS Group cut their price objective on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $140.57.

Advanced Micro Devices Stock Up 2.3 %

NASDAQ:AMD traded up $2.17 on Friday, hitting $96.64. 28,515,570 shares of the company's stock were exchanged, compared to its average volume of 42,814,596. The company has a market cap of $156.20 billion, a P/E ratio of 97.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm has a 50-day moving average price of $98.72 and a 200-day moving average price of $120.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.