Campbell Newman Asset Management Inc. Sells 125 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Campbell Newman Asset Management Inc. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,558 shares of the semiconductor manufacturer’s stock after selling 125 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Advanced Micro Devices were worth $1,034,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AMD. Burney Co. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $357,000. Apella Capital LLC lifted its position in Advanced Micro Devices by 2.3% during the 4th quarter. Apella Capital LLC now owns 4,713 shares of the semiconductor manufacturer’s stock worth $569,000 after acquiring an additional 105 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in Advanced Micro Devices by 17.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,273 shares of the semiconductor manufacturer’s stock worth $637,000 after acquiring an additional 768 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Advanced Micro Devices by 1.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,540,685 shares of the semiconductor manufacturer’s stock valued at $1,031,629,000 after purchasing an additional 119,919 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 18.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 44,766 shares of the semiconductor manufacturer’s stock worth $5,407,000 after purchasing an additional 7,046 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research reports. Loop Capital started coverage on shares of Advanced Micro Devices in a research report on Tuesday. They set a “buy” rating and a $175.00 target price for the company. Roth Mkm reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 31st. Mizuho decreased their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, KeyCorp dropped their target price on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $179.68.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 2.7 %

AMD traded up $3.15 on Wednesday, hitting $119.24. The company had a trading volume of 5,305,680 shares, compared to its average volume of 38,065,367. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market cap of $193.50 billion, a P/E ratio of 107.42, a PEG ratio of 1.88 and a beta of 1.66. The company’s fifty day moving average price is $131.60 and its 200 day moving average price is $145.95. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current 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.