Thompson Davis & CO. Inc. Has $903,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Thompson Davis & CO. Inc. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,475 shares of the semiconductor manufacturer’s stock after selling 3,420 shares during the quarter. Advanced Micro Devices accounts for about 0.6% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 23rd largest holding. Thompson Davis & CO. Inc.’s holdings in Advanced Micro Devices were worth $903,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Creative Capital Management Investments LLC boosted its position in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the period. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. Finally, Compass Financial Services Inc acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $39,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $110.84 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The firm has a market capitalization of $179.61 billion, a PE ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65. The business’s 50 day moving average is $118.84 and its 200-day moving average is $137.94. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Barclays reduced their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Piper Sandler reduced their price target on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Bank of America reduced their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Loop Capital initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This 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 through the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

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.