MONECO Advisors LLC Sells 226 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MONECO Advisors LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,674 shares of the semiconductor manufacturer’s stock after selling 226 shares during the quarter. MONECO Advisors LLC’s holdings in Advanced Micro Devices were worth $689,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Peoples Bank KS bought a new position in Advanced Micro Devices in the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices in the third quarter worth $27,000. Gables Capital Management Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Kathleen S. Wright Associates Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Addison Advisors LLC raised its position in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent research reports. Susquehanna lowered their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research note on Monday. UBS Group raised their price objective on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Finally, DZ Bank restated a “hold” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $185.79.

Insider Activity

In related news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now owns 2,197 shares in the company, valued at $457,151.76. The transaction 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 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 value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. 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 over the last three months. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $150.25 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a 50 day moving average price of $177.04 and a two-hundred day moving average price of $151.59. The firm has a market capitalization of $242.83 billion, a P/E ratio of 304.58, a P/E/G ratio of 2.44 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30.

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

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.