Mill Creek Capital Advisors LLC Sells 467 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mill Creek Capital Advisors LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,562 shares of the semiconductor manufacturer’s stock after selling 467 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Focus Financial Network Inc. increased its position in shares of Advanced Micro Devices by 3.8% during the fourth quarter. Focus Financial Network Inc. now owns 10,859 shares of the semiconductor manufacturer’s stock valued at $1,312,000 after buying an additional 396 shares during the period. Pineridge Advisors LLC grew its holdings in shares of Advanced Micro Devices by 561.5% during the 4th quarter. Pineridge Advisors LLC now owns 635 shares of the semiconductor manufacturer’s stock worth $77,000 after acquiring an additional 539 shares during the period. International Private Wealth Advisors LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $258,000. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Advanced Micro Devices by 4.4% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock valued at $278,000 after purchasing an additional 97 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co LLC grew its stake in Advanced Micro Devices by 2.2% in the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,306 shares of the semiconductor manufacturer’s stock worth $1,003,000 after purchasing an additional 175 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $110.48 on Tuesday. The stock has a market cap of $179.03 billion, a price-to-earnings ratio of 111.60, a PEG ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The company’s 50 day moving average is $123.42 and its two-hundred day moving average is $139.71. The company has a current ratio of 2.62, a quick ratio of 1.78 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 $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. KeyCorp lowered their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Bank of America cut their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler dropped their target price on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

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.