Donaldson Capital Management LLC Sells 325 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Donaldson Capital Management LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,274 shares of the semiconductor manufacturer’s stock after selling 325 shares during the period. Donaldson Capital Management LLC’s holdings in Advanced Micro Devices were worth $410,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Washburn Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $231,000. Pathway Financial Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $229,000. Independence Bank of Kentucky lifted its stake in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the period. Gendell Jeffrey L bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth $3,085,000. Finally, Sara Bay Financial acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $315,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday. Truist Financial lifted their price target on shares of 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 restated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, April 4th. Finally, Wells Fargo & Company lifted their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Stock Up 2.4 %

AMD traded up $3.64 during trading on Friday, reaching $157.40. 42,425,480 shares of the stock were exchanged, compared to its average volume of 54,821,344. The stock has a market cap of $254.38 billion, a P/E ratio of 302.70, a price-to-earnings-growth ratio of 2.34 and a beta of 1.64. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock’s 50 day moving average price is $177.46 and its two-hundred day moving average price is $150.27.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

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.