Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Lessened by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 85,824 shares of the semiconductor manufacturer’s stock after selling 847 shares during the period. Bahl & Gaynor Inc.’s holdings in Advanced Micro Devices were worth $12,651,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Washburn Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $231,000. Pathway Financial Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $229,000. Independence Bank of Kentucky raised its holdings 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 worth $541,000 after acquiring an additional 1,677 shares in the last quarter. Gendell Jeffrey L purchased a new stake in shares of Advanced Micro Devices during the third quarter worth $3,085,000. Finally, Sara Bay Financial purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $315,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AMD shares. Raymond James lowered Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. Barclays increased their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Wells Fargo & Company increased 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. DZ Bank reissued a “hold” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Finally, KeyCorp increased their target price on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Insiders Place Their Bets

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 over the last quarter. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD traded up $3.64 during midday trading on Friday, reaching $157.40. 42,425,480 shares of the company’s stock were exchanged, compared to its average volume of 72,781,539. The firm has a market capitalization of $254.38 billion, a price-to-earnings ratio of 302.70, a price-to-earnings-growth ratio of 2.31 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The business has a 50-day simple moving average of $177.46 and a two-hundred day simple moving average of $150.27.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The firm 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 company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.64 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.