DAVENPORT & Co LLC Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

DAVENPORT & Co LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 488,632 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,914 shares during the quarter. DAVENPORT & Co LLC’s holdings in Advanced Micro Devices were worth $72,081,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management bought a new stake in Advanced Micro Devices in the 3rd quarter valued at about $26,000. Peoples Bank KS bought a new stake in Advanced Micro Devices in the third quarter worth approximately $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the third quarter worth $27,000. Castleview Partners LLC raised its stake in Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Finally, Indiana Trust & Investment Management CO bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $31,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was 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 owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was 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 owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. 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 in the last quarter. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $4.64 on Tuesday, hitting $178.70. The company had a trading volume of 61,539,094 shares, compared to its average volume of 77,654,859. The firm has a market cap of $288.80 billion, a P/E ratio of 343.66, a price-to-earnings-growth ratio of 2.71 and a beta of 1.64. The company has a 50-day moving average price of $181.80 and a 200-day moving average price of $142.80. 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 twelve month low of $81.02 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on AMD shares. KeyCorp raised their target price on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Morgan Stanley lifted their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Barclays lifted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Finally, Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research note on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $181.82.

Check Out Our Latest Report on AMD

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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