Orion Portfolio Solutions LLC Has $3.97 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Orion Portfolio Solutions LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 47.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,835 shares of the semiconductor manufacturer’s stock after selling 29,334 shares during the period. Orion Portfolio Solutions LLC’s holdings in Advanced Micro Devices were worth $3,966,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMD. Howard Capital Management Group LLC raised its stake 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 during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares during the period. United Bank acquired a new position in shares of Advanced Micro Devices during the third quarter valued at about $516,000. Captrust Financial Advisors lifted its stake in shares of Advanced Micro Devices by 5.6% in the third quarter. Captrust Financial Advisors now owns 75,681 shares of the semiconductor manufacturer’s stock valued at $12,418,000 after buying an additional 4,012 shares during the period. Finally, TRUE Private Wealth Advisors grew its position in Advanced Micro Devices by 10.1% during the third quarter. TRUE Private Wealth Advisors now owns 1,493 shares of the semiconductor manufacturer’s stock worth $245,000 after buying an additional 137 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. UBS Group set a $175.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Stifel Nicolaus cut their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. KeyCorp decreased their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $120.00 in a research note on Thursday. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Trading Down 3.2 %

AMD opened at $103.22 on Monday. The firm has a 50 day simple moving average of $109.39 and a 200 day simple moving average of $130.68. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $187.28. The company has a market cap of $167.27 billion, a price-to-earnings ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. 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 issued its earnings results 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%. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

About Advanced Micro Devices

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.