Norden Group LLC Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Norden Group LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,478 shares of the semiconductor manufacturer’s stock after selling 1,341 shares during the period. Norden Group LLC’s holdings in Advanced Micro Devices were worth $782,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Swedbank AB grew its holdings in Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after purchasing an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC grew its holdings in 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. Princeton Global Asset Management LLC grew its holdings in Advanced Micro Devices by 259.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 359 shares of the semiconductor manufacturer’s stock valued at $59,000 after purchasing an additional 259 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Advanced Micro Devices by 19.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 230,760 shares of the semiconductor manufacturer’s stock valued at $37,863,000 after purchasing an additional 38,310 shares in the last quarter. Finally, Lansing Street Advisors grew its holdings in Advanced Micro Devices by 10.4% during the 3rd quarter. Lansing Street Advisors now owns 6,310 shares of the semiconductor manufacturer’s stock valued at $1,035,000 after purchasing an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Bank of America lowered their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Trading Down 1.6 %

Shares of NASDAQ:AMD opened at $98.23 on Tuesday. The company’s 50-day moving average price is $116.41 and its 200 day moving average price is $136.49. The company has a market cap of $159.18 billion, a PE ratio of 99.22, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $97.09 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred 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 directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now 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. Corporate insiders own 0.73% of the company’s stock.

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.