Fortitude Advisory Group L.L.C. Decreases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fortitude Advisory Group L.L.C. reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,176 shares of the semiconductor manufacturer’s stock after selling 466 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Advanced Micro Devices were worth $468,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 over the last quarter. 0.65% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMD shares. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a report on Monday, January 8th. UBS Group reduced their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Barclays lifted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.62.

Advanced Micro Devices Trading Down 8.9 %

AMD stock traded down $14.11 during trading on Wednesday, reaching $144.27. 89,047,563 shares of the stock traded hands, compared to its average volume of 72,484,023. The business’s 50 day moving average price is $177.04 and its 200-day moving average price is $151.59. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm has a market capitalization of $233.16 billion, a PE ratio of 282.06, a P/E/G ratio of 2.44 and a beta of 1.64.

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

Advanced Micro Devices 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.