AM Investment Strategies LLC Trims Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

AM Investment Strategies LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,889 shares of the semiconductor manufacturer’s stock after selling 191 shares during the period. AM Investment Strategies LLC’s holdings in Advanced Micro Devices were worth $228,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pflug Koory LLC increased its holdings in Advanced Micro Devices by 12.8% during the 4th quarter. Pflug Koory LLC now owns 4,956 shares of the semiconductor manufacturer’s stock worth $599,000 after purchasing an additional 561 shares during the period. Nepsis Inc. raised its stake in Advanced Micro Devices by 2.3% during the 4th quarter. Nepsis Inc. now owns 163,417 shares of the semiconductor manufacturer’s stock valued at $19,739,000 after acquiring an additional 3,744 shares during the last quarter. Curated Wealth Partners LLC raised its stake in Advanced Micro Devices by 19.1% during the 4th quarter. Curated Wealth Partners LLC now owns 3,935 shares of the semiconductor manufacturer’s stock valued at $475,000 after acquiring an additional 630 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Advanced Micro Devices by 5.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,493 shares of the semiconductor manufacturer’s stock valued at $2,475,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Advanced Micro Devices by 28.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 83,453 shares of the semiconductor manufacturer’s stock valued at $10,080,000 after acquiring an additional 18,476 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated 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 directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was 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 represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMD. UBS Group cut their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Evercore ISI raised their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Loop Capital began coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Finally, TD Cowen decreased their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $176.33.

Advanced Micro Devices Stock Down 0.2 %

Advanced Micro Devices stock opened at $122.84 on Friday. The firm has a market cap of $199.35 billion, a price-to-earnings ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The firm has a fifty day moving average price of $128.36 and a two-hundred day moving average price of $144.12.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 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.