Simon Quick Advisors LLC Has $711,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Simon Quick Advisors LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,885 shares of the semiconductor manufacturer’s stock after selling 888 shares during the period. Simon Quick Advisors LLC’s holdings in Advanced Micro Devices were worth $711,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AMD. Evergreen Capital Management LLC increased its position in shares of Advanced Micro Devices by 6.2% in the second quarter. Evergreen Capital Management LLC now owns 10,695 shares of the semiconductor manufacturer’s stock worth $1,735,000 after purchasing an additional 622 shares during the period. Insigneo Advisory Services LLC increased its holdings in Advanced Micro Devices by 7.8% in the 2nd quarter. Insigneo Advisory Services LLC now owns 26,262 shares of the semiconductor manufacturer’s stock valued at $4,260,000 after buying an additional 1,911 shares during the period. Caxton Associates LP bought a new position in Advanced Micro Devices in the 2nd quarter valued at about $121,658,000. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $211,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 101.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 111 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMD. Wells Fargo & Company lowered their price objective on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $180.00 to $155.00 in a report on Monday, December 9th. Mizuho reduced their price objective on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.71.

Advanced Micro Devices Trading Up 1.2 %

Shares of AMD stock opened at $123.75 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a 50 day simple moving average of $128.99 and a two-hundred day simple moving average of $144.41. The company has a market cap of $200.82 billion, a P/E ratio of 111.49, a PEG ratio of 1.07 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

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.