Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,774 shares of the semiconductor manufacturer’s stock after selling 5,640 shares during the period. Apollon Wealth Management LLC’s holdings in Advanced Micro Devices were worth $7,703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Marcum Wealth LLC increased its position in shares of Advanced Micro Devices by 9.8% in the third quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock valued at $565,000 after buying an additional 307 shares in the last quarter. Cypress Wealth Services LLC purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $210,000. UMB Bank n.a. raised its position in Advanced Micro Devices by 3.2% during the third quarter. UMB Bank n.a. now owns 15,874 shares of the semiconductor manufacturer’s stock worth $2,605,000 after acquiring an additional 490 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Advanced Micro Devices by 27.1% in the third quarter. Pinnacle Bancorp Inc. now owns 745 shares of the semiconductor manufacturer’s stock valued at $122,000 after purchasing an additional 159 shares in the last quarter. Finally, Private Advisory Group LLC grew its position in shares of Advanced Micro Devices by 25.9% in the third quarter. Private Advisory Group LLC now owns 72,289 shares of the semiconductor manufacturer’s stock valued at $11,861,000 after purchasing an additional 14,854 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the subject of several research reports. Stifel Nicolaus cut their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday. TD Cowen reduced their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Morgan Stanley dropped their price objective on Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Finally, Wedbush reissued an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 2.4 %

Shares of NASDAQ:AMD opened at $107.56 on Friday. The company has a 50 day moving average of $124.01 and a two-hundred day moving average of $140.18. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $174.55 billion, a price-to-earnings ratio of 96.90, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal 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.