J. Goldman & Co LP Sells 52,255 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

J. Goldman & Co LP reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 87.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,611 shares of the semiconductor manufacturer’s stock after selling 52,255 shares during the period. J. Goldman & Co LP’s holdings in Advanced Micro Devices were worth $832,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMD. MBM Wealth Consultants LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $25,000. Cordasco Financial Network grew its stake in shares of Advanced Micro Devices by 287.5% in the 1st quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 207 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $32,000. Finally, Sycomore Asset Management acquired a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $32,000. 65.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Rick Bergman sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $92.39, for a total value of $277,170.00. Following the completion of the sale, the executive vice president now directly owns 161,232 shares of the company’s stock, valued at $14,896,224.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $100.02, for a total transaction of $12,502,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,926,985 shares of the company’s stock, valued at $292,757,039.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rick Bergman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $92.39, for a total transaction of $277,170.00. Following the transaction, the executive vice president now directly owns 161,232 shares of the company’s stock, valued at $14,896,224.48. The disclosure for this sale can be found here. Insiders sold 161,518 shares of company stock valued at $15,378,613 over the last three months. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Benchmark raised their target price on Advanced Micro Devices from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, June 10th. Mizuho cut their price target on Advanced Micro Devices from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Wedbush reiterated an “outperform” rating and set a $165.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, June 8th. Northland Securities lifted their price target on Advanced Micro Devices from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Susquehanna cut their price target on Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating for the company in a research note on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.80.

Advanced Micro Devices Stock Up 3.2 %

AMD opened at $85.45 on Friday. The company has a fifty day moving average price of $88.88 and a 200-day moving average price of $95.55. The firm has a market capitalization of $137.94 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 0.76 and a beta of 1.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.44 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a one year low of $71.60 and a one year high of $164.46.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last announced its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter last year, the firm posted $0.58 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

Further Reading

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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