Napean Trading & Investment Co Singapore PTE Ltd Sells 35,121 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Napean Trading & Investment Co Singapore PTE Ltd trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 47.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,357 shares of the semiconductor manufacturer’s stock after selling 35,121 shares during the period. Advanced Micro Devices makes up approximately 1.2% of Napean Trading & Investment Co Singapore PTE Ltd’s investment portfolio, making the stock its 28th largest position. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Advanced Micro Devices were worth $4,754,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $29,000. FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. TD Cowen lowered their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. KeyCorp lowered their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Argus set a $160.00 price target on shares of Advanced Micro Devices in a research note on Thursday, February 6th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the company from $175.00 to $129.00 in a report on Friday, January 10th. Finally, UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $155.14.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 0.7 %

Shares of AMD opened at $106.44 on Monday. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $172.48 billion, a P/E ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74. The stock has a 50-day moving average price of $110.28 and a 200 day moving average price of $131.78.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates 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 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.