Angeles Wealth Management LLC Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Angeles Wealth Management LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,523 shares of the semiconductor manufacturer’s stock after selling 528 shares during the period. Angeles Wealth Management LLC’s holdings in Advanced Micro Devices were worth $426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC increased its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter worth about $26,000. FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $41,000. Coston McIsaac & Partners raised its stake in shares of Advanced Micro Devices by 319.4% in the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 198 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. KeyCorp cut their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 2.7 %

AMD stock opened at $110.48 on Tuesday. The company’s 50 day moving average is $123.42 and its two-hundred day moving average is $139.71. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market cap of $179.03 billion, a P/E ratio of 111.60, a PEG ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts expect that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

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.