Stanley Laman Group Ltd. Has $268,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stanley Laman Group Ltd. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 91.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,219 shares of the semiconductor manufacturer’s stock after selling 23,213 shares during the period. Stanley Laman Group Ltd.’s holdings in Advanced Micro Devices were worth $268,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Raab & Moskowitz Asset Management LLC increased its position in Advanced Micro Devices by 17.8% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 15,058 shares of the semiconductor manufacturer’s stock worth $1,819,000 after purchasing an additional 2,276 shares during the last quarter. MFG Wealth Management Inc. acquired a new position in Advanced Micro Devices in the 4th quarter worth about $2,411,000. Van ECK Associates Corp increased its position in Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. Values First Advisors Inc. acquired a new position in Advanced Micro Devices in the 4th quarter worth about $59,000. Finally, Great Lakes Retirement Inc. increased its position in Advanced Micro Devices by 1.1% in the 4th quarter. Great Lakes Retirement Inc. now owns 73,152 shares of the semiconductor manufacturer’s stock worth $8,836,000 after purchasing an additional 773 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.1 %

Advanced Micro Devices stock opened at $111.81 on Friday. The business has a 50 day moving average price of $121.53 and a two-hundred day moving average price of $139.12. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market cap of $181.19 billion, a price-to-earnings ratio of 112.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMD. Bank of America dropped their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Company 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.