Capital Investment Advisory Services LLC Sells 1,490 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Advisory Services LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,240 shares of the semiconductor manufacturer’s stock after selling 1,490 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Advanced Micro Devices were worth $1,952,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 0.8% in the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock worth $14,400,437,000 after buying an additional 1,153,611 shares during the period. State Street Corp raised its stake in shares of Advanced Micro Devices by 1.7% in the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after buying an additional 1,112,077 shares during the period. Norges Bank bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $1,252,070,000. Northern Trust Corp raised its stake in shares of Advanced Micro Devices by 35.5% in the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after buying an additional 4,475,368 shares during the period. Finally, Barclays PLC raised its stake in shares of Advanced Micro Devices by 38.5% in the second quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock worth $1,015,677,000 after buying an additional 2,479,272 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a research report on Wednesday, January 31st. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Roth Mkm increased their target price on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, TD Cowen increased their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Trading Down 5.4 %

Shares of AMD stock traded down $8.44 on Friday, reaching $146.64. 71,618,197 shares of the company’s stock were exchanged, compared to its average volume of 57,647,340. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $236.99 billion, a PE ratio of 282.01, a P/E/G ratio of 2.23 and a beta of 1.64. The company’s fifty day simple moving average is $179.64 and its 200 day simple moving average is $148.92.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the completion of the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was 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 directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on 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 completion of the transaction, 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. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 in the last ninety days. Corporate insiders own 0.73% of the company’s stock.

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.