SouthState Corp Sells 500 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

SouthState Corp lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 54.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 424 shares of the semiconductor manufacturer’s stock after selling 500 shares during the period. SouthState Corp’s holdings in Advanced Micro Devices were worth $51,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $32,000. Finally, IAG Wealth Partners LLC lifted 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 worth $33,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $103.51 on Wednesday. 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, Inc. has a twelve month low of $94.73 and a twelve month high of $187.69. The stock has a market cap of $167.74 billion, a price-to-earnings ratio of 104.56, a P/E/G ratio of 1.11 and a beta of 1.74. The company’s fifty day moving average is $111.08 and its 200 day moving average is $132.53.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Melius Research restated a “hold” rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. TD Cowen dropped their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

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.