Pitcairn Co. Has $1.02 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pitcairn Co. reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,415 shares of the semiconductor manufacturer’s stock after selling 173 shares during the quarter. Pitcairn Co.’s holdings in Advanced Micro Devices were worth $1,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $32,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $85.76 on Friday. The stock has a market capitalization of $138.61 billion, a price-to-earnings ratio of 86.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. The company has a fifty day moving average of $106.88 and a 200-day moving average of $129.10. Advanced Micro Devices, Inc. has a 52-week low of $83.67 and a 52-week 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.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly 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 net margin of 6.36% and a return on equity of 7.42%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Loop Capital started coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Susquehanna lowered their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Finally, HSBC reiterated a “reduce” rating and set a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $152.72.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by corporate insiders.

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.