Pinnacle Wealth Management Advisory Group LLC Has $1.08 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pinnacle Wealth Management Advisory Group LLC lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,321 shares of the semiconductor manufacturer’s stock after selling 178 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Advanced Micro Devices were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Chase Investment Counsel Corp increased its position in shares of Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $231,000. Pathway Financial Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $229,000. Independence Bank of Kentucky increased its holdings in Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $1,759,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on 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 owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction 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 transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,850 shares of company stock valued at $34,637,833. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Susquehanna cut their price target on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a report on Monday, April 29th. KeyCorp lowered their price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a report on Wednesday, January 31st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Morgan Stanley cut their price target on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.94.

Advanced Micro Devices Trading Down 0.5 %

Shares of AMD stock traded down $0.81 during mid-day trading on Wednesday, reaching $153.62. The stock had a trading volume of 28,698,927 shares, compared to its average volume of 70,775,719. The firm has a market capitalization of $248.30 billion, a PE ratio of 225.92, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The stock’s 50-day moving average price is $174.53 and its two-hundred day moving average price is $153.23. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

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.