Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 82.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,825 shares of the semiconductor manufacturer’s stock after selling 8,338 shares during the period. New England Research & Management Inc.’s holdings in Advanced Micro Devices were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Summa Corp. raised its position in shares of Advanced Micro Devices by 3.2% during the 4th quarter. Summa Corp. now owns 127,200 shares of the semiconductor manufacturer’s stock valued at $15,365,000 after acquiring an additional 3,900 shares in the last quarter. Milestone Asset Management LLC grew its stake in Advanced Micro Devices by 44.7% during the 4th quarter. Milestone Asset Management LLC now owns 9,656 shares of the semiconductor manufacturer’s stock worth $1,166,000 after buying an additional 2,982 shares during the last quarter. USAdvisors Wealth Management LLC bought a new position in Advanced Micro Devices during the 4th quarter worth $246,000. Ibex Wealth Advisors bought a new position in Advanced Micro Devices during the 4th quarter worth $4,233,000. Finally, Invesco LLC grew its stake in Advanced Micro Devices by 7.9% during the 4th quarter. Invesco LLC now owns 2,252 shares of the semiconductor manufacturer’s stock worth $272,000 after buying an additional 164 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Melius Research restated a “hold” rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday. Susquehanna lowered their price objective on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a research note on Wednesday. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Loop Capital initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective for the company. Finally, Morgan Stanley decreased their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.86.

Advanced Micro Devices Trading Up 2.8 %

NASDAQ:AMD opened at $117.35 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $112.80 and a 1-year high of $227.30. The firm has a market capitalization of $190.44 billion, a price-to-earnings ratio of 105.72, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. The stock has a fifty day simple moving average of $127.14 and a 200 day simple moving average of $142.27.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the company posted $0.53 EPS. Advanced Micro Devices’s revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices 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.