Claro Advisors LLC Sells 690 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Claro Advisors LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,420 shares of the semiconductor manufacturer’s stock after selling 690 shares during the period. Claro Advisors LLC’s holdings in Advanced Micro Devices were worth $798,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $28,000. Bare Financial Services Inc bought a new position in Advanced Micro Devices during the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMD. UBS Group lowered their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Citigroup decreased their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Roth Mkm lowered their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Benchmark reduced their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group started coverage on Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. One equities research 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The stock was 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 directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Down 2.8 %

Shares of AMD opened at $157.69 on Tuesday. The company’s 50-day moving average price is $159.12 and its 200 day moving average price is $165.24. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The firm has a market cap of $254.88 billion, a P/E ratio of 231.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Advanced Micro Devices Company Profile

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.