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

SlateStone Wealth LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 67.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,356 shares of the semiconductor manufacturer’s stock after selling 4,955 shares during the quarter. SlateStone Wealth LLC’s holdings in Advanced Micro Devices were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nicholas Company Inc. lifted its position in Advanced Micro Devices by 21.7% in the fourth quarter. Nicholas Company Inc. now owns 411,557 shares of the semiconductor manufacturer’s stock valued at $49,712,000 after acquiring an additional 73,264 shares during the last quarter. First National Advisers LLC raised its holdings in shares of Advanced Micro Devices by 11.9% in the fourth quarter. First National Advisers LLC now owns 4,828 shares of the semiconductor manufacturer’s stock valued at $583,000 after buying an additional 512 shares during the last quarter. GWN Securities Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $547,000. Glenview Trust co raised its holdings in shares of Advanced Micro Devices by 2.8% in the fourth quarter. Glenview Trust co now owns 28,190 shares of the semiconductor manufacturer’s stock valued at $3,405,000 after buying an additional 780 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of Advanced Micro Devices by 0.5% in the fourth quarter. Harbour Investments Inc. now owns 32,741 shares of the semiconductor manufacturer’s stock valued at $3,955,000 after buying an additional 157 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were bought at an average price 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 in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. KeyCorp reduced their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley set a $137.00 target price 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 dropped their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. 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’s stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $100.97 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $163.62 billion, a price-to-earnings ratio of 101.99, a PEG ratio of 1.11 and a beta of 1.74. The company’s 50 day simple moving average is $112.05 and its 200 day simple moving average is $133.14. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $193.50.

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, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS 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.