TrueMark Investments LLC Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

TrueMark Investments LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,820 shares of the semiconductor manufacturer’s stock after selling 1,054 shares during the period. TrueMark Investments LLC’s holdings in Advanced Micro Devices were worth $1,549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Murphy & Mullick Capital Management Corp acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $726,000. Meiji Yasuda Asset Management Co Ltd. raised its position in Advanced Micro Devices by 0.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,519 shares of the semiconductor manufacturer’s stock valued at $3,686,000 after purchasing an additional 204 shares during the period. Baxter Bros Inc. lifted its stake in Advanced Micro Devices by 5.4% during the fourth quarter. Baxter Bros Inc. now owns 2,452 shares of the semiconductor manufacturer’s stock worth $296,000 after purchasing an additional 126 shares in the last quarter. PKS Advisory Services LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth $482,000. Finally, EFG Asset Management North America Corp. grew its stake in shares of Advanced Micro Devices by 9.4% in the fourth quarter. EFG Asset Management North America Corp. now owns 22,322 shares of the semiconductor manufacturer’s stock valued at $2,696,000 after buying an additional 1,916 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.8 %

Shares of NASDAQ:AMD opened at $114.81 on Wednesday. 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 stock has a market cap of $186.05 billion, a P/E ratio of 115.97, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28. The firm has a fifty day moving average price of $110.18 and a 200 day moving average price of $131.46.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results 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 return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price 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 in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. KeyCorp dropped their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Friday, February 7th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

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.