Advisor OS LLC Lowers Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisor OS LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,705 shares of the semiconductor manufacturer’s stock after selling 1,099 shares during the period. Advisor OS LLC’s holdings in Advanced Micro Devices were worth $327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMD. Cutter & CO Brokerage Inc. raised its position in shares of Advanced Micro Devices by 20.0% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 3,392 shares of the semiconductor manufacturer’s stock worth $410,000 after purchasing an additional 565 shares during the last quarter. ARK Investment Management LLC raised its position in shares of Advanced Micro Devices by 53.6% in the 4th quarter. ARK Investment Management LLC now owns 1,206,588 shares of the semiconductor manufacturer’s stock worth $145,744,000 after purchasing an additional 421,275 shares during the last quarter. Cavalier Investments LLC raised its position in shares of Advanced Micro Devices by 4.1% in the 4th quarter. Cavalier Investments LLC now owns 8,570 shares of the semiconductor manufacturer’s stock worth $1,035,000 after purchasing an additional 336 shares during the last quarter. Longbow Finance SA raised its position in shares of Advanced Micro Devices by 5.0% in the 4th quarter. Longbow Finance SA now owns 45,438 shares of the semiconductor manufacturer’s stock worth $5,488,000 after purchasing an additional 2,152 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $284,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMD shares. Benchmark reaffirmed a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. HSBC reaffirmed a “reduce” rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Wednesday. Argus set a $160.00 target price on Advanced Micro Devices in a research report on Thursday, February 6th. Finally, UBS Group set a $175.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Performance

AMD opened at $99.51 on Friday. The firm has a market cap of $161.25 billion, a P/E ratio of 100.52, a PEG ratio of 1.11 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $99.50 and a 1-year high of $227.30. The company has a 50 day simple moving average of $117.33 and a two-hundred day simple moving average of $137.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results 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 net margin of 6.36% and a return on equity of 7.42%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other 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 transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following 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 represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.65% of the company’s stock.

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.