Morse Asset Management Inc Sells 5,875 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Morse Asset Management Inc trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,236 shares of the semiconductor manufacturer’s stock after selling 5,875 shares during the period. Advanced Micro Devices makes up approximately 1.9% of Morse Asset Management Inc’s portfolio, making the stock its 14th biggest holding. Morse Asset Management Inc’s holdings in Advanced Micro Devices were worth $7,443,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMD. Tradewinds Capital Management LLC boosted its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares in the last quarter. Valued Wealth Advisors LLC grew its holdings in shares of Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 70 shares during the last quarter. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $29,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent analyst reports. Roth Mkm cut their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Jefferies Financial Group began coverage on shares of Advanced Micro Devices in a report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. KeyCorp cut their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Citigroup lifted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $194.97.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded up $1.67 during mid-day trading on Friday, reaching $139.99. The company’s stock had a trading volume of 49,435,825 shares, compared to its average volume of 50,984,088. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The firm’s fifty day moving average price is $163.12 and its two-hundred day moving average price is $168.38. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock has a market cap of $226.27 billion, a P/E ratio of 205.87, a PEG ratio of 1.62 and a beta of 1.68.

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, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. 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.