Palouse Capital Management Inc. Sells 1,912 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Palouse Capital Management Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,465 shares of the semiconductor manufacturer’s stock after selling 1,912 shares during the quarter. Palouse Capital Management Inc.’s holdings in Advanced Micro Devices were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Washburn Capital Management Inc. bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $231,000. Independence Bank of Kentucky boosted its stake in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after acquiring an additional 1,677 shares during the last quarter. Meridian Wealth Management LLC raised its holdings 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 worth $21,135,000 after purchasing an additional 118,090 shares during the period. Gendell Jeffrey L acquired a new stake in Advanced Micro Devices in the third quarter worth $3,085,000. Finally, Sara Bay Financial acquired a new stake in Advanced Micro Devices in the fourth quarter worth $315,000. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $8.44 during midday trading on Friday, hitting $146.64. The company’s stock had a trading volume of 71,233,102 shares, compared to its average volume of 74,632,961. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year 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. The company has a 50-day moving average price of $179.64 and a two-hundred day moving average price of $148.58. The company has a market cap of $236.99 billion, a price-to-earnings ratio of 282.01, a PEG ratio of 2.35 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMD. Bank of America increased their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. KeyCorp raised their price objective on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Citigroup raised their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

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.