Opus Capital Group LLC Trims Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Opus Capital Group LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,872 shares of the semiconductor manufacturer’s stock after selling 679 shares during the quarter. Opus Capital Group LLC’s holdings in Advanced Micro Devices were worth $276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC grew its stake in Advanced Micro Devices by 1.0% in the 4th quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock worth $1,169,000 after acquiring an additional 77 shares in the last quarter. Retirement Planning Group LLC grew its stake in Advanced Micro Devices by 2.2% in the fourth quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock worth $542,000 after purchasing an additional 79 shares in the last quarter. Optas LLC increased its holdings in Advanced Micro Devices by 1.7% during the 4th quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock worth $726,000 after purchasing an additional 80 shares during the period. Financial Management Professionals Inc. lifted its holdings in shares of Advanced Micro Devices by 5.2% in the 4th quarter. Financial Management Professionals Inc. now owns 1,629 shares of the semiconductor manufacturer’s stock worth $240,000 after buying an additional 81 shares during the period. Finally, Prentice Wealth Management LLC grew its position in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Prentice Wealth Management LLC now owns 3,876 shares of the semiconductor manufacturer’s stock worth $571,000 after buying an additional 83 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock valued at $59,919,994 over the last ninety days. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMD shares. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, April 4th. TD Cowen increased their price objective on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Citigroup boosted their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Evercore ISI initiated coverage on Advanced Micro Devices in a report on Tuesday. They set an “outperform” rating and a $200.00 target price for the company. Finally, StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $185.15.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $9.44 on Wednesday, hitting $154.02. 75,698,844 shares of the stock traded hands, compared to its average volume of 74,973,625. The company has a market capitalization of $248.92 billion, a PE ratio of 298.68, a PEG ratio of 2.44 and a beta of 1.64. The company’s fifty day moving average is $180.78 and its 200 day moving average is $148.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Advanced Micro Devices’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.63 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.