Deane Retirement Strategies Inc. Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Deane Retirement Strategies Inc. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 51.2% during the fourth quarter, HoldingsChannel reports. The firm owned 11,940 shares of the semiconductor manufacturer’s stock after selling 12,544 shares during the period. Deane Retirement Strategies Inc.’s holdings in Advanced Micro Devices were worth $1,760,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMD. Castleview Partners LLC raised its holdings in Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 90 shares during the period. Peoples Bank KS purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at about $26,000. Activest Wealth Management purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at about $27,000. Finally, Founders Capital Management grew its position in Advanced Micro Devices by 104.2% in the 4th quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock valued at $43,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock valued at $59,919,994 in the last ninety days. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $1.62 during mid-day trading on Thursday, hitting $181.21. 33,157,562 shares of the company were exchanged, compared to its average volume of 77,551,891. The company has a market capitalization of $292.86 billion, a P/E ratio of 349.16, a PEG ratio of 2.67 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The business’s 50 day simple moving average is $180.63 and its two-hundred day simple moving average is $140.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a research report on Wednesday, January 31st. Truist Financial boosted their price objective on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Susquehanna boosted their price objective on Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “positive” rating in a research report on Monday, January 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price target on shares of Advanced Micro Devices in a report on Monday, March 4th. Finally, Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $181.82.

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.