Avitas Wealth Management LLC Reduces Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Avitas Wealth Management LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,622 shares of the semiconductor manufacturer’s stock after selling 768 shares during the period. Avitas Wealth Management LLC’s holdings in Advanced Micro Devices were worth $5,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. RFG Holdings Inc. boosted its position in Advanced Micro Devices by 27.1% in the fourth quarter. RFG Holdings Inc. now owns 5,003 shares of the semiconductor manufacturer’s stock valued at $604,000 after buying an additional 1,068 shares during the last quarter. E. Ohman J or Asset Management AB boosted its position in Advanced Micro Devices by 0.6% in the 4th quarter. E. Ohman J or Asset Management AB now owns 411,551 shares of the semiconductor manufacturer’s stock worth $49,711,000 after purchasing an additional 2,561 shares in the last quarter. Welch Group LLC boosted its position in Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after purchasing an additional 2,981 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in Advanced Micro Devices by 61.3% in the 4th quarter. Brown Lisle Cummings Inc. now owns 500 shares of the semiconductor manufacturer’s stock worth $60,000 after purchasing an additional 190 shares in the last quarter. Finally, Tempus Wealth Planning LLC boosted its position in Advanced Micro Devices by 44.3% in the 4th quarter. Tempus Wealth Planning LLC now owns 5,702 shares of the semiconductor manufacturer’s stock worth $689,000 after purchasing an additional 1,750 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AMD shares. 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 report on Monday, January 13th. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Loop Capital began coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Susquehanna reduced their target price on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.35.

Advanced Micro Devices Stock Up 4.6 %

Shares of AMD opened at $119.50 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $112.80 and a 52-week high of $227.30. The company has a market capitalization of $193.93 billion, a PE ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The stock has a fifty day simple moving average of $125.38 and a two-hundred day simple moving average of $140.81. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Company 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.