Flagship Harbor Advisors LLC Has $2.33 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Flagship Harbor Advisors LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,281 shares of the semiconductor manufacturer’s stock after selling 2,261 shares during the period. Flagship Harbor Advisors LLC’s holdings in Advanced Micro Devices were worth $2,329,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Creative Capital Management Investments LLC raised its stake in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its position in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $41,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. Roth Mkm reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Barclays decreased their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $176.33.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Down 0.2 %

NASDAQ AMD opened at $122.84 on Monday. The business has a fifty day moving average price of $128.12 and a two-hundred day moving average price of $143.50. The stock has a market capitalization of $199.35 billion, a PE ratio of 110.67, a PEG ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.