Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Trimmed by Hilton Capital Management LLC

Hilton Capital Management LLC lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 56.7% during the 1st quarter, HoldingsChannel reports. The fund owned 10,000 shares of the semiconductor manufacturer’s stock after selling 13,105 shares during the period. Hilton Capital Management LLC’s holdings in Advanced Micro Devices were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in Advanced Micro Devices by 18.1% in the fourth quarter. Advisors Asset Management Inc. now owns 31,344 shares of the semiconductor manufacturer’s stock valued at $579,000 after purchasing an additional 4,795 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of Advanced Micro Devices by 79.7% during the fourth quarter. Dupont Capital Management Corp now owns 15,133 shares of the semiconductor manufacturer’s stock valued at $279,000 after acquiring an additional 6,711 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 10.0% during the fourth quarter. TD Asset Management Inc. now owns 287,925 shares of the semiconductor manufacturer’s stock valued at $5,315,000 after acquiring an additional 26,167 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Advanced Micro Devices by 5.9% during the fourth quarter. M&T Bank Corp now owns 41,714 shares of the semiconductor manufacturer’s stock valued at $768,000 after acquiring an additional 2,311 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 38.5% during the fourth quarter. Alps Advisors Inc. now owns 15,386 shares of the semiconductor manufacturer’s stock valued at $284,000 after acquiring an additional 4,280 shares during the last quarter. 60.85% of the stock is currently owned by institutional investors.

A number of analysts recently commented on the company. Wells Fargo & Co increased their price objective on Advanced Micro Devices from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Craig Hallum reaffirmed a “buy” rating and set a $33.00 price objective (up previously from $27.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. MKM Partners increased their price objective on Advanced Micro Devices to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Barclays increased their price objective on Advanced Micro Devices from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices presently has a consensus rating of “Buy” and a consensus target price of $29.13.

NASDAQ AMD traded down $1.28 during trading hours on Friday, hitting $30.11. 34,945,829 shares of the company’s stock were exchanged, compared to its average volume of 78,327,256. Advanced Micro Devices, Inc. has a 12-month low of $14.54 and a 12-month high of $34.30. The company has a market capitalization of $34.81 billion, a PE ratio of 86.03, a price-to-earnings-growth ratio of 1.96 and a beta of 3.19. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 0.53 EPS for the current year.

In other news, CEO Lisa T. Su sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total value of $6,687,500.00. Following the transaction, the chief executive officer now directly owns 2,511,264 shares in the company, valued at approximately $67,176,312. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 164,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $33.66, for a total value of $5,520,240.00. Following the completion of the transaction, the chief executive officer now owns 2,375,264 shares in the company, valued at $79,951,386.24. The disclosure for this sale can be found here. Insiders have sold 1,009,066 shares of company stock worth $29,689,636 over the last quarter. 1.50% of the stock is currently owned by company insiders.

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About Advanced Micro Devices

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 (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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

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