Korea Investment CORP Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Korea Investment CORP trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 953,992 shares of the semiconductor manufacturer’s stock after selling 111,988 shares during the period. Korea Investment CORP’s holdings in Advanced Micro Devices were worth $115,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $32,000. Finally, IAG Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were 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 owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $110.19 on Thursday. 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 stock has a 50-day simple moving average of $109.99 and a two-hundred day simple moving average of $131.31. The firm has a market capitalization of $178.56 billion, a PE ratio of 111.30, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $187.28.

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

Analyst Ratings Changes

Several analysts recently weighed in on AMD shares. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Friday, February 7th. Barclays cut their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $155.14.

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.