Perkins Capital Management Inc. Has $2.51 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Perkins Capital Management Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,804 shares of the semiconductor manufacturer’s stock after selling 600 shares during the quarter. Advanced Micro Devices comprises about 2.2% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Perkins Capital Management Inc.’s holdings in Advanced Micro Devices were worth $2,513,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the fourth quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices during the fourth quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the fourth quarter valued at $32,000. Finally, IAG Wealth Partners LLC boosted its position in Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research reports. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Mizuho reduced their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. KeyCorp reduced their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Finally, Melius Research reaffirmed a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Trading Down 0.7 %

Shares of AMD opened at $106.44 on Monday. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $172.48 billion, a price-to-earnings ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74. The stock’s 50-day moving average price is $110.28 and its 200 day moving average price is $131.78.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 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.