Contravisory Investment Management Inc. lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,876 shares of the semiconductor manufacturer’s stock after selling 4,188 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Advanced Micro Devices were worth $722,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. CX Institutional increased its position in shares of Advanced Micro Devices by 15.3% in the third quarter. CX Institutional now owns 911 shares of the semiconductor manufacturer’s stock valued at $75,000 after acquiring an additional 121 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Advanced Micro Devices by 14.4% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,075 shares of the semiconductor manufacturer’s stock worth $88,000 after buying an additional 135 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in Advanced Micro Devices by 12.8% in the third quarter. Rosenberg Matthew Hamilton now owns 1,275 shares of the semiconductor manufacturer’s stock valued at $105,000 after buying an additional 145 shares during the period. Trust Investment Advisors lifted its position in shares of Advanced Micro Devices by 0.8% in the third quarter. Trust Investment Advisors now owns 17,652 shares of the semiconductor manufacturer’s stock valued at $1,447,000 after buying an additional 147 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in shares of Advanced Micro Devices by 1.5% during the 4th quarter. Sheets Smith Wealth Management now owns 9,838 shares of the semiconductor manufacturer’s stock worth $902,000 after acquiring an additional 150 shares during the period. 67.01% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on AMD. Wedbush raised their price target on Advanced Micro Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday. Mizuho raised their price target on Advanced Micro Devices from $93.00 to $102.00 and gave the company a “buy” rating in a report on Monday, December 28th. Smith Barney Citigroup raised their price target on Advanced Micro Devices from $9.00 to $13.00 in a report on Wednesday, October 28th. Zacks Investment Research downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a report on Monday, November 2nd. Finally, BidaskClub downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $81.55.

Advanced Micro Devices stock traded down $3.58 during midday trading on Wednesday, reaching $91.78. The company’s stock had a trading volume of 60,179,061 shares, compared to its average volume of 49,664,734. Advanced Micro Devices, Inc. has a 52 week low of $36.75 and a 52 week high of $99.23. The company has a current ratio of 2.28, a quick ratio of 1.74 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $92.51 and a 200-day moving average price of $80.35. The stock has a market cap of $110.38 billion, a PE ratio of 123.76, a price-to-earnings-growth ratio of 1.20 and a beta of 2.29.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 27th. The semiconductor manufacturer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 55.5% on a year-over-year basis. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 1.01 EPS for the current fiscal year.

In other news, CAO Darla M. Smith sold 2,106 shares of the business’s stock in a transaction dated Friday, December 4th. The stock was sold at an average price of $92.76, for a total transaction of $195,352.56. Following the sale, the chief accounting officer now directly owns 12,177 shares in the company, valued at $1,129,538.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rick Bergman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $74.88, for a total value of $149,760.00. Following the sale, the executive vice president now owns 73,891 shares in the company, valued at $5,532,958.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 240,106 shares of company stock worth $21,439,403. Company insiders own 1.20% of the company’s stock.

Advanced Micro Devices Company Profile

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.

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

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