Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,571 shares of the semiconductor manufacturer’s stock after selling 495 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Advanced Micro Devices were worth $969,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Peoples Bank KS acquired a new position in Advanced Micro Devices during the 3rd quarter valued at approximately $26,000. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices during the 3rd quarter valued at $27,000. Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the 4th quarter valued at $29,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $30,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock valued at $34,637,833 in the last 90 days. 0.65% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Monday, January 8th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. Barclays boosted their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Finally, Morgan Stanley cut their target price on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.24.

Advanced Micro Devices Trading Up 3.4 %

AMD traded up $5.18 during mid-day trading on Monday, reaching $155.78. The stock had a trading volume of 44,517,086 shares, compared to its average volume of 71,642,953. The stock has a market capitalization of $251.79 billion, a P/E ratio of 228.44, a P/E/G ratio of 2.33 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The firm’s fifty day simple moving average is $175.41 and its two-hundred day simple moving average is $152.49. Advanced Micro Devices, Inc. has a 52 week low of $89.17 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.63 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.