Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,409 shares of the semiconductor manufacturer’s stock after selling 314 shares during the period. Meyer Handelman Co.’s holdings in Advanced Micro Devices were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AMD. Chase Investment Counsel Corp boosted its stake in shares of Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after buying an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $231,000. Pathway Financial Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $229,000. Independence Bank of Kentucky boosted its stake in shares of Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after buying an additional 1,677 shares during the period. Finally, Fortis Capital Advisors LLC boosted its stake in shares of Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after buying an additional 7,235 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $161.23 on Friday. The company’s fifty day simple moving average is $158.71 and its 200-day simple moving average is $163.98. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week 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 company has a market cap of $260.60 billion, a PE ratio of 237.11, a P/E/G 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, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AMD shares. KeyCorp cut their price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Morgan Stanley cut shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target for the company. in a report on Monday, June 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Evercore ISI dropped their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, Benchmark lowered their price target on shares of 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. 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 company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $190.83.

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.