Donaldson Capital Management LLC Sells 325 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Donaldson Capital Management LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,274 shares of the semiconductor manufacturer’s stock after selling 325 shares during the quarter. Donaldson Capital Management LLC’s holdings in Advanced Micro Devices were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Washburn Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $231,000. Pathway Financial Advisors LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $229,000. Independence Bank of Kentucky boosted its stake in shares of Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the period. Gendell Jeffrey L bought a new position in shares of Advanced Micro Devices in the third quarter worth about $3,085,000. Finally, Sara Bay Financial purchased a new position in Advanced Micro Devices in the 4th quarter worth about $315,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Evercore ISI initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, April 16th. They issued an “outperform” rating and a $200.00 price target for the company. KeyCorp increased their price objective on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, TD Cowen boosted their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction 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 approximately $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last ninety days. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock traded up $3.64 during midday trading on Friday, reaching $157.40. The stock had a trading volume of 42,425,480 shares, compared to its average volume of 54,821,344. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a fifty day simple moving average of $177.46 and a two-hundred day simple moving average of $150.27. The stock has a market cap of $254.38 billion, a PE ratio of 302.70, a P/E/G ratio of 2.34 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

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.