Stokes Family Office LLC Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stokes Family Office LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,969 shares of the semiconductor manufacturer’s stock after selling 747 shares during the period. Stokes Family Office LLC’s holdings in Advanced Micro Devices were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Marin lifted its holdings in shares of Advanced Micro Devices by 8.8% in the 4th quarter. Bank of Marin now owns 6,535 shares of the semiconductor manufacturer’s stock valued at $789,000 after acquiring an additional 528 shares during the last quarter. North Forty Two & Co. purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $202,000. VSM Wealth Advisory LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $149,000. Andar Capital Management HK Ltd boosted its holdings in shares of Advanced Micro Devices by 9.2% in the 4th quarter. Andar Capital Management HK Ltd now owns 66,600 shares of the semiconductor manufacturer’s stock worth $8,045,000 after purchasing an additional 5,600 shares during the period. Finally, Brooklyn FI LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $3,239,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

AMD opened at $106.23 on Thursday. The firm has a market capitalization of $172.14 billion, a PE ratio of 107.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business’s 50-day moving average is $110.76 and its two-hundred day moving average is $132.35. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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%. Research analysts anticipate 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 acquired 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMD. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price target for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Finally, Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $155.14.

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.