Birinyi Associates Inc. Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Birinyi Associates Inc. lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,150 shares of the semiconductor manufacturer’s stock after selling 1,000 shares during the period. Birinyi Associates Inc.’s holdings in Advanced Micro Devices were worth $622,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMD. Swedbank AB lifted its stake in Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after purchasing an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC grew its position in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares in the last quarter. Modera Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 12.4% in the third quarter. Modera Wealth Management LLC now owns 3,758 shares of the semiconductor manufacturer’s stock worth $617,000 after purchasing an additional 415 shares during the period. Inscription Capital LLC raised its position in shares of Advanced Micro Devices by 8.9% in the third quarter. Inscription Capital LLC now owns 1,687 shares of the semiconductor manufacturer’s stock worth $277,000 after buying an additional 138 shares in the last quarter. Finally, Concord Wealth Partners boosted its stake in Advanced Micro Devices by 116.3% during the third quarter. Concord Wealth Partners now owns 928 shares of the semiconductor manufacturer’s stock valued at $152,000 after buying an additional 499 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMD shares. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Stock Down 3.8 %

NASDAQ AMD opened at $103.96 on Wednesday. Advanced Micro Devices, Inc. has a 1 year low of $103.62 and a 1 year high of $227.30. The stock has a market capitalization of $168.47 billion, a PE ratio of 105.01, a PEG ratio of 1.11 and a beta of 1.66. 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 business’s 50-day moving average is $118.05 and its 200 day moving average is $137.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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 forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.