Patten & Patten Inc. TN Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Patten & Patten Inc. TN lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,791 shares of the semiconductor manufacturer’s stock after selling 556 shares during the quarter. Patten & Patten Inc. TN’s holdings in Advanced Micro Devices were worth $6,739,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMD. Harbour Investments Inc. raised its position in Advanced Micro Devices by 0.5% in the fourth quarter. Harbour Investments Inc. now owns 32,741 shares of the semiconductor manufacturer’s stock valued at $3,955,000 after purchasing an additional 157 shares during the period. Avalon Trust Co increased its position in shares of Advanced Micro Devices by 2,114.0% during the fourth quarter. Avalon Trust Co now owns 1,107 shares of the semiconductor manufacturer’s stock worth $134,000 after acquiring an additional 1,057 shares during the period. Choate Investment Advisors increased its position in shares of Advanced Micro Devices by 26.7% during the fourth quarter. Choate Investment Advisors now owns 4,327 shares of the semiconductor manufacturer’s stock worth $523,000 after acquiring an additional 911 shares during the period. M & L Capital Management Ltd purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $24,158,000. Finally, Harrington Investments INC increased its position in shares of Advanced Micro Devices by 124.9% during the fourth quarter. Harrington Investments INC now owns 7,085 shares of the semiconductor manufacturer’s stock worth $856,000 after acquiring an additional 3,935 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $100.97 on Friday. The company has a 50-day simple moving average of $112.05 and a 200-day simple moving average of $133.23. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $193.50. 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 stock has a market capitalization of $163.62 billion, a price-to-earnings ratio of 101.99, a PEG ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMD shares. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. 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 research note on Wednesday, February 5th. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

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.