Cozad Asset Management Inc. Sells 522 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cozad Asset Management Inc. trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.5% during the fourth quarter, Holdings Channel reports. The firm owned 6,405 shares of the semiconductor manufacturer’s stock after selling 522 shares during the quarter. Cozad Asset Management Inc.’s holdings in Advanced Micro Devices were worth $944,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings 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 valued at $14,400,437,000 after purchasing an additional 1,153,611 shares during the last quarter. Jennison Associates LLC grew its stake in Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after buying an additional 1,490,997 shares during the last quarter. Northern Trust Corp lifted its position in Advanced Micro Devices by 2.5% during the third quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock worth $1,631,021,000 after acquiring an additional 385,636 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Advanced Micro Devices by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock worth $893,890,000 after acquiring an additional 79,817 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Advanced Micro Devices by 17.6% in the third quarter. Van ECK Associates Corp now owns 5,886,220 shares of the semiconductor manufacturer’s stock valued at $605,221,000 after purchasing an additional 881,140 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $144.27 on Thursday. The company’s 50 day moving average price is $176.64 and its two-hundred day moving average price is $151.54. The firm has a market capitalization of $233.16 billion, a P/E ratio of 277.45, a P/E/G ratio of 2.44 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the business posted $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’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 transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the 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 owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on 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 directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Finally, KeyCorp decreased their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday. 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.62.

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.