Dnca Finance Has $3.84 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Dnca Finance lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,800 shares of the semiconductor manufacturer's stock after selling 7,500 shares during the quarter. Dnca Finance's holdings in Advanced Micro Devices were worth $3,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in Advanced Micro Devices by 2.1% during the 4th quarter. First Trust Advisors LP now owns 1,202,181 shares of the semiconductor manufacturer's stock valued at $145,211,000 after purchasing an additional 24,673 shares during the period. GeoWealth Management LLC raised its stake in shares of Advanced Micro Devices by 3.0% during the fourth quarter. GeoWealth Management LLC now owns 9,309 shares of the semiconductor manufacturer's stock worth $1,124,000 after buying an additional 271 shares during the last quarter. Commerce Bank boosted its stake in Advanced Micro Devices by 6.5% in the fourth quarter. Commerce Bank now owns 125,379 shares of the semiconductor manufacturer's stock valued at $15,145,000 after acquiring an additional 7,638 shares during the last quarter. Alexis Investment Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $481,000. Finally, Arrow Capital Pty Ltd acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $1,812,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated 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 owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD traded up $5.57 during trading hours on Wednesday, reaching $91.83. The company's stock had a trading volume of 27,089,847 shares, compared to its average volume of 42,863,460. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company's 50-day moving average is $99.90 and its 200-day moving average is $122.17. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm has a market cap of $148.42 billion, a PE ratio of 92.76, 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 quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group cut Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. DZ Bank cut Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Friday, February 7th. Evercore ISI reduced their price objective on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Melius Research reaffirmed a "hold" rating and issued a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Finally, Benchmark reissued a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Two equities research 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $141.07.

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.