Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Zacks Investment Management

Zacks Investment Management decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,823 shares of the semiconductor manufacturer's stock after selling 27,204 shares during the quarter. Zacks Investment Management's holdings in Advanced Micro Devices were worth $20,513,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth $29,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $32,000. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of research analyst reports. Argus set a $160.00 price target on Advanced Micro Devices in a report on Thursday, February 6th. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a "buy" rating and a $175.00 price objective for the company. UBS Group decreased their target price on Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Bank of America reduced their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $144.90.

Advanced Micro Devices Trading Down 2.9 %

AMD stock traded down $2.57 during mid-day trading on Monday, reaching $84.93. The company had a trading volume of 11,289,553 shares, compared to its average volume of 42,895,452. The firm has a 50 day moving average of $100.93 and a 200 day moving average of $123.02. 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 12 month low of $76.48 and a 12 month high of $187.28. The company has a market capitalization of $137.27 billion, a PE ratio of 85.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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 analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.