Bahl & Gaynor Inc. Trims Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bahl & Gaynor Inc. reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,824 shares of the semiconductor manufacturer’s stock after selling 847 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Advanced Micro Devices were worth $12,651,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Peoples Bank KS purchased a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $26,000. Spartan Planning & Wealth Management purchased a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $27,000. Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Advanced Micro Devices by 54.8% during the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 109 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMD shares. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, April 4th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Truist Financial boosted their price objective on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Finally, New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Wednesday, January 24th. One 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Stock Up 2.4 %

NASDAQ AMD traded up $3.64 during trading hours on Friday, hitting $157.40. 42,425,480 shares of the company were exchanged, compared to its average volume of 72,781,539. The company has a 50 day moving average of $177.46 and a two-hundred day moving average of $150.27. 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, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The firm has a market cap of $254.38 billion, a price-to-earnings ratio of 302.70, a PEG ratio of 2.31 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Insider Activity

In other news, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Victor Peng sold 100,000 shares of the company’s 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 sale, 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. In the last 90 days, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by insiders.

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.