Ballast Inc. Sells 149 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ballast Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,156 shares of the semiconductor manufacturer’s stock after selling 149 shares during the period. Ballast Inc.’s holdings in Advanced Micro Devices were worth $1,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Retirement Planning Group LLC grew its holdings in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock valued at $542,000 after buying an additional 79 shares during the period. Financial Management Professionals Inc. raised its stake in Advanced Micro Devices by 5.2% in the fourth quarter. Financial Management Professionals Inc. now owns 1,629 shares of the semiconductor manufacturer’s stock valued at $240,000 after buying an additional 81 shares during the period. Prentice Wealth Management LLC raised its stake in Advanced Micro Devices by 2.2% in the 4th quarter. Prentice Wealth Management LLC now owns 3,876 shares of the semiconductor manufacturer’s stock valued at $571,000 after acquiring an additional 83 shares during the period. Kure Advisory LLC boosted its position in Advanced Micro Devices by 4.2% during the fourth quarter. Kure Advisory LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $324,000 after purchasing an additional 89 shares during the period. Finally, Left Brain Wealth Management LLC raised its position in shares of Advanced Micro Devices by 1.2% in the third quarter. Left Brain Wealth Management LLC now owns 7,501 shares of the semiconductor manufacturer’s stock valued at $771,000 after purchasing an additional 90 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.5 %

Advanced Micro Devices stock opened at $180.49 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The firm has a 50 day moving average price of $181.02 and a 200-day moving average price of $140.97. The company has a market capitalization of $291.70 billion, a P/E ratio of 347.10, a P/E/G ratio of 2.67 and a beta of 1.66. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Wednesday, January 24th. DZ Bank reiterated a “hold” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Finally, TD Cowen boosted their price target on Advanced Micro Devices from $130.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.82.

Insider Buying and Selling at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The stock was 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 at this link. In other news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. 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 three months. Company insiders own 0.73% of the company’s stock.

About Advanced Micro Devices

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.