Value Star Asset Management Hong Kong Ltd Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Value Star Asset Management Hong Kong Ltd reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 38.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,000 shares of the semiconductor manufacturer’s stock after selling 93,000 shares during the period. Advanced Micro Devices accounts for 7.4% of Value Star Asset Management Hong Kong Ltd’s portfolio, making the stock its 6th largest position. Value Star Asset Management Hong Kong Ltd’s holdings in Advanced Micro Devices were worth $21,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Addison Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the last quarter. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $26,000. Finally, Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth approximately $27,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $14.11 during trading on Wednesday, hitting $144.27. 88,240,472 shares of the stock traded hands, compared to its average volume of 72,459,430. The company has a market capitalization of $233.16 billion, a P/E ratio of 282.06, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The firm has a 50-day simple moving average of $177.04 and a 200-day simple moving average of $151.59. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the business earned $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMD shares. Citigroup reduced their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley dropped their price target on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. UBS Group cut their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Mizuho decreased their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.62.

Insiders Place Their Bets

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 over the last ninety days. 0.65% of the stock is owned by insiders.

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.