Conning Inc. Sells 686 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Conning Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.3% during the 4th quarter, Holdings Channel reports. The firm owned 10,163 shares of the semiconductor manufacturer’s stock after selling 686 shares during the period. Conning Inc.’s holdings in Advanced Micro Devices were worth $1,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc grew its holdings in shares of Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after buying an additional 60 shares in the last quarter. Wealth Effects LLC boosted its position in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after acquiring an additional 65 shares during the last quarter. Jacobsen Capital Management grew its stake in Advanced Micro Devices by 2.1% in the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after acquiring an additional 70 shares during the period. Sigma Investment Counselors Inc. raised its holdings in Advanced Micro Devices by 5.3% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $243,000 after acquiring an additional 74 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC lifted its stake in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after purchasing an additional 74 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock opened at $107.56 on Friday. The stock’s fifty day moving average is $124.01 and its two-hundred day moving average is $140.18. The stock has a market capitalization of $174.55 billion, a price-to-earnings ratio of 96.90, a PEG ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMD. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Piper Sandler decreased their price target on shares of Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by insiders.

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.