Motley Fool Asset Management LLC Sells 1,708 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Motley Fool Asset Management LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,423 shares of the semiconductor manufacturer’s stock after selling 1,708 shares during the period. Motley Fool Asset Management LLC’s holdings in Advanced Micro Devices were worth $7,661,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AMD. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter worth $2,867,193,000. Van ECK Associates Corp increased its stake in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $165,952,000. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMD shares. Loop Capital initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Finally, Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.72.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 0.2 %

AMD opened at $102.96 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market cap of $166.41 billion, a price-to-earnings ratio of 104.00, a PEG ratio of 1.11 and a beta of 1.88. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28. The stock has a fifty day moving average price of $108.21 and a 200-day moving average price of $129.81.

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, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 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.