Investors Asset Management of Georgia Inc. GA ADV Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Investors Asset Management of Georgia Inc. GA ADV lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,994 shares of the semiconductor manufacturer’s stock after selling 400 shares during the quarter. Advanced Micro Devices accounts for 1.6% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 13th largest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Advanced Micro Devices were worth $3,261,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Creative Capital Management Investments LLC boosted its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares during the last quarter. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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 dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMD shares. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, February 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $114.17 on Friday. The firm has a market capitalization of $185.01 billion, a PE ratio of 115.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The business’s fifty day moving average price is $119.16 and its 200 day moving average price is $138.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. 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 released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 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.