Beacon Financial Group sells 1,314 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Beacon Financial Group has reduced its stake in shares of Advanced Micro Devices, Inc., according to its latest filing with the SEC. (NASDAQ:AMD – Free Report) up 45.3% in the fourth quarter. The fund owned 1,588 shares of the semiconductor maker after selling 1,314 shares during the period. Beacon Financial Group’s stake in Advanced Micro Devices was worth $234,000, according to its most recent SEC filing.

Other large investors have also recently increased or decreased their stake in the company. Norges Bank purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main strengthened its position in the Advanced Micro Devices segment by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor maker’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares during the period. International Assets Investment Management LLC increased its holdings in Advanced Micro Devices by 15,896.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor maker’s stock valued at $550,935,000 after acquiring an additional 3,714,069 shares in the last quarter. Capital World Investors increased its position in shares of Advanced Micro Devices by 176.9% during the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor maker’s stock valued at $688,190,000 after acquiring an additional 2,982,704 shares during the period. Finally, in the fourth quarter, Price T Rowe Associates Inc. MD increased its holdings in Advanced Micro Devices shares by 10.2%. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor maker’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares in the last quarter. Hedge funds and other institutional investors hold 71.34% of the company’s shares.

Advanced micro device stocks fell 0.2%

AMD shares opened Friday at $159.63. The company’s 50-day moving average is $159.73 and its 200-day moving average is $162.67. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt to equity ratio of 0.03. Advanced Micro Devices, Inc. it has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a market capitalization of $258.01 billion, a PE ratio of 234.75, a price-to-earnings growth ratio of 1.84 and a beta of 1.69.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, $0.01 above the analyst consensus of $0.61. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was $5.47 billion, compared to the consensus estimate of $5.48 billion. During the same period last year, the company saw an EPS of $0.43. Advanced Micro Devices’ revenue for the quarter increased 2.2% compared to the same quarter last year. Analysts expect Advanced Micro Devices, Inc. will see 2.61 earnings per share for the current fiscal year.

The Wall Street analyst concludes

AMD has been the subject of several reports from research analysts. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Susquehanna increased their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10. Truist Financial lowered their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley downgraded shares of Advanced Micro Devices from “overweight” to “equal weight” and set a price target for the stock at $176.00. in the research report on Monday, June 10. Finally, StockNews.com downgraded shares of Advanced Micro Devices from “hold” to “sell” in a report on Saturday. One investment analyst rated the company’s shares with a sell recommendation, three of them issued a hold recommendation, and twenty-seven gave the company a buy recommendation. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Read our latest report on advanced micro devices

Buying and selling confidential information at Advanced Micro Devices

In related news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25 for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing filed with the SEC, which can be accessed via this hyperlink. 0.73% of the shares are owned by company insiders.

About advanced micro devices

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

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