KBC Group NV Trims Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

KBC Group NV lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 436,859 shares of the semiconductor manufacturer’s stock after selling 326,554 shares during the quarter. KBC Group NV’s holdings in Advanced Micro Devices were worth $52,768,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Magnolia Capital Advisors LLC acquired a new position in shares of Advanced Micro Devices during the second quarter worth about $1,019,000. Silver Lake Advisory LLC boosted its position in shares of Advanced Micro Devices by 83.5% during the 2nd quarter. Silver Lake Advisory LLC now owns 2,178 shares of the semiconductor manufacturer’s stock worth $353,000 after purchasing an additional 991 shares in the last quarter. Northeast Financial Consultants Inc grew its stake in shares of Advanced Micro Devices by 12.4% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,839 shares of the semiconductor manufacturer’s stock worth $461,000 after purchasing an additional 314 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Advanced Micro Devices by 224.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 19,991 shares of the semiconductor manufacturer’s stock valued at $3,243,000 after purchasing an additional 13,822 shares in the last quarter. Finally, Invst LLC boosted its holdings in Advanced Micro Devices by 9.0% during the second quarter. Invst LLC now owns 1,590 shares of the semiconductor manufacturer’s stock worth $251,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 over the last three months. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 6.3 %

Shares of NASDAQ:AMD opened at $115.05 on Tuesday. 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 $112.80 and a 1-year high of $227.30. The company’s fifty day moving average is $128.12 and its two-hundred day moving average is $143.21. The stock has a market capitalization of $186.71 billion, a price-to-earnings ratio of 103.65, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMD. Citigroup reduced their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. HSBC reissued a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, Morgan Stanley cut their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.33.

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.