Ithaka Group LLC Sells 2,829 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ithaka Group LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 79,503 shares of the semiconductor manufacturer’s stock after selling 2,829 shares during the quarter. Advanced Micro Devices comprises about 1.8% of Ithaka Group LLC’s holdings, making the stock its 21st biggest holding. Ithaka Group LLC’s holdings in Advanced Micro Devices were worth $9,603,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in shares of Advanced Micro Devices by 1.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 674,009 shares of the semiconductor manufacturer’s stock worth $81,413,000 after purchasing an additional 8,211 shares during the last quarter. IAG Wealth Partners LLC grew 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 valued at $33,000 after buying an additional 118 shares during the period. Balboa Wealth Partners raised its stake in Advanced Micro Devices by 0.4% in the 4th quarter. Balboa Wealth Partners now owns 81,198 shares of the semiconductor manufacturer’s stock valued at $9,808,000 after acquiring an additional 352 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Advanced Micro Devices by 2.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 11,680 shares of the semiconductor manufacturer’s stock worth $1,411,000 after purchasing an additional 303 shares in the last quarter. Finally, Appaloosa LP boosted its stake in Advanced Micro Devices by 5.7% during the fourth quarter. Appaloosa LP now owns 1,200,000 shares of the semiconductor manufacturer’s stock valued at $144,948,000 after buying an additional 65,000 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMD shares. Benchmark reiterated a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Friday, February 7th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Mizuho lowered their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $155.83.

Advanced Micro Devices Stock Up 4.2 %

Shares of NASDAQ AMD opened at $100.79 on Thursday. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $198.83. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $112.99 and its 200 day simple moving average is $133.94. The company has a market cap of $163.33 billion, a price-to-earnings ratio of 101.81, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

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.