SFE Investment Counsel Has $2.49 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SFE Investment Counsel lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,922 shares of the semiconductor manufacturer’s stock after selling 2,045 shares during the quarter. SFE Investment Counsel’s holdings in Advanced Micro Devices were worth $2,494,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group grew its stake in shares of Advanced Micro Devices by 36.2% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 72 shares during the period. Avior Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock valued at $1,169,000 after buying an additional 77 shares during the period. Retirement Planning Group LLC grew its stake in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock valued at $542,000 after buying an additional 79 shares during the period. Optas LLC grew its stake in shares of Advanced Micro Devices by 1.7% in the 4th quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock valued at $726,000 after buying an additional 80 shares during the period. Finally, Financial Management Professionals Inc. boosted its stake in Advanced Micro Devices by 5.2% during the 4th quarter. Financial Management Professionals Inc. now owns 1,629 shares of the semiconductor manufacturer’s stock valued at $240,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

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 directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The stock was 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 directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on AMD shares. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Monday, January 8th. Evercore ISI initiated coverage on shares of Advanced Micro Devices in a report on Tuesday. They issued an “outperform” rating and a $200.00 price target on the stock. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, April 4th. Finally, TD Cowen lifted their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Trading Up 0.4 %

Advanced Micro Devices stock traded up $0.56 during mid-day trading on Thursday, hitting $154.58. The company’s stock had a trading volume of 44,544,971 shares, compared to its average volume of 74,548,547. The stock has a market cap of $249.82 billion, a price-to-earnings ratio of 299.77, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. The business has a 50 day moving average price of $180.44 and a 200-day moving average price of $148.23. 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, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS 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 net margin of 3.77% and a return on equity of 5.73%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

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.