Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Kercheville Advisors LLC

Kercheville Advisors LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,550 shares of the semiconductor manufacturer’s stock after selling 845 shares during the period. Kercheville Advisors LLC’s holdings in Advanced Micro Devices were worth $308,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMD. Czech National Bank raised its stake in shares of Advanced Micro Devices by 7.0% during the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock valued at $54,099,000 after purchasing an additional 21,708 shares during the period. Versant Capital Management Inc grew its position in shares of Advanced Micro Devices by 28.9% during the third quarter. Versant Capital Management Inc now owns 1,128 shares of the semiconductor manufacturer’s stock worth $185,000 after buying an additional 253 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Advanced Micro Devices by 9.9% in the third quarter. Dynamic Advisor Solutions LLC now owns 37,936 shares of the semiconductor manufacturer’s stock worth $6,225,000 after purchasing an additional 3,429 shares during the period. City Holding Co. boosted its holdings in Advanced Micro Devices by 3.2% in the third quarter. City Holding Co. now owns 36,224 shares of the semiconductor manufacturer’s stock worth $5,944,000 after purchasing an additional 1,135 shares during the period. Finally, Reliant Investment Management LLC lifted its stake in Advanced Micro Devices by 4.2% in the third quarter. Reliant Investment Management LLC now owns 36,907 shares of the semiconductor manufacturer’s stock valued at $6,056,000 after buying an additional 1,483 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $112.01 on Thursday. 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 52 week low of $106.50 and a 52 week high of $227.30. The stock has a market capitalization of $181.77 billion, a PE ratio of 100.91, a PEG ratio of 1.03 and a beta of 1.66. The stock’s fifty day moving average is $125.02 and its 200-day moving average is $140.59.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 net margin of 7.52% and a return on equity of 6.62%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Melius Research restated a “hold” rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Stifel Nicolaus lowered their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday. Susquehanna lowered their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Morgan Stanley reduced their target price on Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.30.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.

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.