Hartford Investment Management Co. Cuts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hartford Investment Management Co. reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,851 shares of the semiconductor manufacturer’s stock after selling 1,242 shares during the quarter. Advanced Micro Devices comprises about 0.6% of Hartford Investment Management Co.’s investment portfolio, making the stock its 26th biggest position. Hartford Investment Management Co.’s holdings in Advanced Micro Devices were worth $16,046,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC raised its position in Advanced Micro Devices by 135.6% in the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after purchasing an additional 118,090 shares during the period. Gendell Jeffrey L acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $3,085,000. Sara Bay Financial acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $315,000. Victory Capital Management Inc. grew its stake in shares of Advanced Micro Devices by 6.3% during the third quarter. Victory Capital Management Inc. now owns 1,460,506 shares of the semiconductor manufacturer’s stock valued at $150,169,000 after acquiring an additional 86,571 shares in the last quarter. Finally, UG Investment Advisers Ltd. acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $13,217,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $290,290,831.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,943 shares of company stock valued at $59,919,994. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $2.54 during midday trading on Wednesday, hitting $181.24. 34,579,289 shares of the stock were exchanged, compared to its average volume of 76,963,773. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company has a market capitalization of $292.91 billion, a price-to-earnings ratio of 347.66, a P/E/G ratio of 2.76 and a beta of 1.64. The business has a 50-day moving average price of $182.01 and a two-hundred day moving average price of $143.34. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMD. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Mizuho raised their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Morgan Stanley lifted their price target on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, New Street Research upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

View Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report).

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.