Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Trimmed by Ocean Capital Management LLC

Ocean Capital Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,726 shares of the semiconductor manufacturer’s stock after selling 187 shares during the quarter. Ocean Capital Management LLC’s holdings in Advanced Micro Devices were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Activest Wealth Management bought a new stake in Advanced Micro Devices during the third quarter worth approximately $26,000. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $27,000. Castleview Partners LLC lifted its holdings in shares of Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Finally, Indiana Trust & Investment Management CO acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $31,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, December 7th. Bank of America lifted their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. TD Cowen lifted their price target on Advanced Micro Devices from $130.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Finally, Roth Mkm increased their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.82.

Advanced Micro Devices Stock Up 0.5 %

AMD stock opened at $180.49 on Friday. The stock has a market capitalization of $291.70 billion, a price-to-earnings ratio of 347.10, a price-to-earnings-growth ratio of 2.70 and a beta of 1.66. The company has a 50-day moving average of $181.02 and a two-hundred day moving average of $140.97. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 324,943 shares of company stock worth $59,919,994. Insiders own 0.73% of the company’s stock.

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.