Campbell Capital Management Inc. Has $6.69 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Campbell Capital Management Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 55,349 shares of the semiconductor manufacturer’s stock after selling 2,240 shares during the quarter. Advanced Micro Devices comprises approximately 2.6% of Campbell Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Campbell Capital Management Inc.’s holdings in Advanced Micro Devices were worth $6,686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hills Bank & Trust Co lifted its holdings in Advanced Micro Devices by 39.5% during the 4th quarter. Hills Bank & Trust Co now owns 7,731 shares of the semiconductor manufacturer’s stock worth $934,000 after buying an additional 2,190 shares during the period. Wellington Shields & Co. LLC lifted its holdings in Advanced Micro Devices by 53.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 907 shares of the semiconductor manufacturer’s stock worth $110,000 after buying an additional 314 shares during the period. First National Trust Co lifted its holdings in Advanced Micro Devices by 4.8% during the 4th quarter. First National Trust Co now owns 38,904 shares of the semiconductor manufacturer’s stock worth $4,699,000 after buying an additional 1,779 shares during the period. Postrock Partners LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $1,088,000. Finally, Intact Investment Management Inc. lifted its stake in shares of Advanced Micro Devices by 390,000.0% in the 4th quarter. Intact Investment Management Inc. now owns 3,901 shares of the semiconductor manufacturer’s stock valued at $471,000 after purchasing an additional 3,900 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMD. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. Bank of America dropped their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. HSBC reissued a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, TD Cowen dropped their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $155.14.

Advanced Micro Devices Stock Performance

AMD stock opened at $100.97 on Friday. The business has a 50 day moving average of $112.05 and a 200-day moving average of $133.35. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $193.80. The firm has a market cap of $163.62 billion, a PE ratio of 101.99, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices 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.