Brookstone Capital Management Sells 10,035 Shares of Advanced Micro Devices, Inc. $AMD

Brookstone Capital Management reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,659 shares of the semiconductor manufacturer’s stock after selling 10,035 shares during the period. Brookstone Capital Management’s holdings in Advanced Micro Devices were worth $21,557,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northstar Advisory Group LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at $321,000. CLG LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $209,000. Mn Services Vermogensbeheer B.V. grew its position in Advanced Micro Devices by 2.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 629,294 shares of the semiconductor manufacturer’s stock worth $134,770,000 after acquiring an additional 12,598 shares during the last quarter. Wealth Quarterback LLC increased its holdings in Advanced Micro Devices by 4.8% in the 4th quarter. Wealth Quarterback LLC now owns 11,559 shares of the semiconductor manufacturer’s stock worth $2,475,000 after purchasing an additional 534 shares in the last quarter. Finally, Private Advisory Group LLC increased its holdings in Advanced Micro Devices by 1.4% in the 4th quarter. Private Advisory Group LLC now owns 64,357 shares of the semiconductor manufacturer’s stock worth $13,783,000 after purchasing an additional 904 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

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Insider Activity

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 7,500 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the sale, the executive vice president owned 129,598 shares of the company’s stock, valued at approximately $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the sale, the chief executive officer owned 3,146,006 shares of the company’s stock, valued at approximately $625,331,612.62. The trade was a 2.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 239,392 shares of company stock valued at $50,016,383. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $260.00 to $255.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $290.53.

Read Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $196.04 on Tuesday. The stock has a market capitalization of $319.63 billion, a PE ratio of 73.98, a PEG ratio of 0.76 and a beta of 1.98. The business’s 50 day simple moving average is $212.80 and its 200 day simple moving average is $213.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.21. The firm had revenue of $10.27 billion during the quarter, compared to analyst estimates of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The company’s revenue was up 34.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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

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