Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMD. Gables Capital Management Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $29,000. Castleview Partners LLC grew its position in Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares during the period. Peoples Bank KS purchased a new position in Advanced Micro Devices in the third quarter worth approximately $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices in the third quarter worth approximately $27,000. Finally, Oliver Lagore Vanvalin Investment Group grew its position in Advanced Micro Devices by 36.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 5.4 %

Shares of AMD stock traded down $8.44 during mid-day trading on Friday, hitting $146.64. 71,233,102 shares of the company’s stock were exchanged, compared to its average volume of 74,632,961. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock has a 50-day simple moving average of $179.64 and a two-hundred day simple moving average of $148.58. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The stock 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 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction dated 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 directly owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was 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 owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price target on 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 upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the stock from $180.00 to $225.00 in a research report on Tuesday. Rosenblatt Securities restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Finally, Barclays increased their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

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.