Smith Group Asset Management LLC Sells 100 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Smith Group Asset Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,273 shares of the semiconductor manufacturer’s stock after selling 100 shares during the quarter. Smith Group Asset Management LLC’s holdings in Advanced Micro Devices were worth $395,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Kennedy Investment Group bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $208,000. BSW Wealth Partners grew its stake in Advanced Micro Devices by 1.1% in the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer’s stock valued at $1,068,000 after purchasing an additional 94 shares in the last quarter. Stonegate Investment Group LLC increased its position in shares of Advanced Micro Devices by 39.5% during the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock worth $61,896,000 after purchasing an additional 145,067 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Finally, Buffington Mohr McNeal boosted its holdings in shares of Advanced Micro Devices by 0.8% in the 4th quarter. Buffington Mohr McNeal now owns 61,488 shares of the semiconductor manufacturer’s stock valued at $7,427,000 after buying an additional 500 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMD shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Barclays lowered their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Piper Sandler reiterated an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Melius Research restated a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.86.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $117.35 on Thursday. Advanced Micro Devices, Inc. has a one year low of $112.80 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a market cap of $190.44 billion, a price-to-earnings ratio of 105.72, a PEG ratio of 1.09 and a beta of 1.66. The firm has a 50 day simple moving average of $127.14 and a 200 day simple moving average of $142.27.

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