Oliver Lagore Vanvalin Investment Group Sells 103 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Oliver Lagore Vanvalin Investment Group reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320 shares of the semiconductor manufacturer’s stock after selling 103 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Advanced Micro Devices were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AMD. Psagot Value Holdings Ltd. Israel increased its position in shares of Advanced Micro Devices by 7.2% during the 1st quarter. Psagot Value Holdings Ltd. Israel now owns 15,400 shares of the semiconductor manufacturer’s stock valued at $1,494,000 after purchasing an additional 1,040 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at $3,913,000. Level Four Advisory Services LLC increased its holdings in Advanced Micro Devices by 100.1% during the 1st quarter. Level Four Advisory Services LLC now owns 17,124 shares of the semiconductor manufacturer’s stock valued at $1,678,000 after purchasing an additional 8,565 shares during the period. Fortis Group Advisors LLC purchased a new stake in Advanced Micro Devices in the 1st quarter worth approximately $245,000. Finally, ProShare Advisors LLC boosted its holdings in Advanced Micro Devices by 10.4% in the first quarter. ProShare Advisors LLC now owns 1,747,908 shares of the semiconductor manufacturer’s stock valued at $171,312,000 after acquiring an additional 164,826 shares in the last quarter. 68.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 14,942 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the completion of the transaction, the executive vice president now directly owns 103,663 shares in the company, valued at approximately $11,010,047.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the sale, the chief executive officer now directly owns 3,192,774 shares of the company’s stock, valued at $356,281,650.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 14,942 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total value of $1,586,989.82. Following the sale, the executive vice president now owns 103,663 shares in the company, valued at $11,010,047.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,643 shares of company stock worth $13,490,584. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Advanced Micro Devices from $80.00 to $110.00 in a report on Wednesday, June 14th. Barclays upped their target price on shares of Advanced Micro Devices from $90.00 to $145.00 in a research note on Wednesday, June 14th. Argus increased their target price on Advanced Micro Devices from $100.00 to $170.00 in a research note on Thursday, June 15th. Robert W. Baird upped their target price on shares of Advanced Micro Devices from $100.00 to $170.00 in a research note on Wednesday, June 14th. Finally, Jefferies Financial Group lifted their price target on shares of Advanced Micro Devices from $100.00 to $145.00 in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.19.

Advanced Micro Devices Trading Up 2.3 %

Advanced Micro Devices stock opened at $107.71 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $132.83. The firm’s 50 day moving average price is $110.34 and its 200-day moving average price is $104.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.58. The stock has a market cap of $174.02 billion, a P/E ratio of -5,385.50, a PEG ratio of 5.91 and a beta of 1.80.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the firm posted $0.91 EPS. Advanced Micro Devices’s revenue for the quarter was down 18.2% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.