Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Graypoint LLC

Graypoint LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,449 shares of the semiconductor manufacturer’s stock after selling 561 shares during the period. Graypoint LLC’s holdings in Advanced Micro Devices were worth $1,504,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Fairway Wealth LLC purchased a new position in Advanced Micro Devices during the second quarter worth about $27,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter worth about $26,000. Finally, Abich Financial Wealth Management LLC raised its holdings in Advanced Micro Devices by 101.8% during the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 4.8 %

Shares of NASDAQ AMD opened at $116.04 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $114.45 and a 1 year high of $227.30. The firm’s 50 day moving average price is $132.58 and its 200 day moving average price is $146.74. The firm has a market cap of $188.31 billion, a P/E ratio of 104.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMD shares. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 31st. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Monday, January 6th. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Finally, Citigroup dropped their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $185.22.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 in the last quarter. 0.65% of the stock is owned by insiders.

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.