Krilogy Financial LLC Trims Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Krilogy Financial LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,758 shares of the semiconductor manufacturer’s stock after selling 5,538 shares during the quarter. Krilogy Financial LLC’s holdings in Advanced Micro Devices were worth $2,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. Sara Bay Financial increased its position in Advanced Micro Devices by 7.3% during the 4th quarter. Sara Bay Financial now owns 3,021 shares of the semiconductor manufacturer’s stock valued at $370,000 after purchasing an additional 205 shares during the period. Trust Co. of Vermont boosted its stake in shares of Advanced Micro Devices by 18.1% during the fourth quarter. Trust Co. of Vermont now owns 5,378 shares of the semiconductor manufacturer’s stock valued at $650,000 after purchasing an additional 825 shares in the last quarter. Sanibel Captiva Trust Company Inc. increased its holdings in Advanced Micro Devices by 14.2% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 161,941 shares of the semiconductor manufacturer’s stock valued at $19,561,000 after buying an additional 20,131 shares during the period. Arkadios Wealth Advisors lifted its holdings in Advanced Micro Devices by 27.6% during the fourth quarter. Arkadios Wealth Advisors now owns 17,621 shares of the semiconductor manufacturer’s stock worth $2,128,000 after buying an additional 3,813 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in Advanced Micro Devices by 13.1% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,870 shares of the semiconductor manufacturer’s stock valued at $467,000 after acquiring an additional 448 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Up 2.5 %

Advanced Micro Devices stock opened at $121.46 on Friday. The business’s 50-day moving average price is $129.94 and its 200 day moving average price is $145.32. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the company earned $0.53 EPS. The business’s revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. HSBC restated a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Mizuho lowered their price target on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Piper Sandler reiterated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, TD Cowen reduced their price target 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.61.

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.