Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.5% in the 4th quarter, HoldingsChannel reports. The firm owned 108,539 shares of the semiconductor manufacturer’s stock after selling 23,080 shares during the period. Oppenheimer & Co. Inc.’s holdings in Advanced Micro Devices were worth $13,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jacobsen Capital Management boosted its position in Advanced Micro Devices by 2.1% during the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after acquiring an additional 70 shares during the period. Bedell Frazier Investment Counselling LLC lifted its holdings in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after buying an additional 74 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Advanced Micro Devices by 3.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,992 shares of the semiconductor manufacturer’s stock valued at $327,000 after buying an additional 75 shares during the last quarter. NCM Capital Management LLC raised its stake in shares of Advanced Micro Devices by 0.9% in the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after acquiring an additional 75 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its stake in shares of Advanced Micro Devices by 15.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $104.74 on Thursday. The business’s fifty day moving average is $117.72 and its two-hundred day moving average is $137.42. The firm has a market cap of $169.73 billion, a P/E ratio of 105.80, a P/E/G ratio of 1.11 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $103.62 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results 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 return on equity of 7.42% and a net margin of 6.36%. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Bank of America cut their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Susquehanna dropped their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Friday, February 7th. Finally, Melius Research reaffirmed a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.83.

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.