Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,369 shares of the semiconductor manufacturer’s stock after selling 130 shares during the period. Hillsdale Investment Management Inc.’s holdings in Advanced Micro Devices were worth $202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chase Investment Counsel Corp grew its stake in shares of Advanced Micro Devices by 0.7% during the fourth 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 during the 4th quarter worth about $231,000. Pathway Financial Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $229,000. Independence Bank of Kentucky raised its position in shares of 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 worth $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $1,759,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on AMD. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Benchmark cut their price target on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 price objective for the company. Bank of America lifted their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Insider Transactions at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’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 completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Joseph A. Householder sold 6,572 shares of the firm’s 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 transaction, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. 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 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 transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,650 shares of company stock worth $31,761,199. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $164.66 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock’s fifty day simple moving average is $165.87 and its 200 day simple moving average is $157.24. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The firm has a market cap of $266.14 billion, a price-to-earnings ratio of 242.15, a P/E/G ratio of 2.57 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.62 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.