Mirabaud & Cie SA Sells 1,600 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mirabaud & Cie SA lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,015 shares of the semiconductor manufacturer’s stock after selling 1,600 shares during the quarter. Mirabaud & Cie SA’s holdings in Advanced Micro Devices were worth $606,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Creative Capital Management Investments LLC boosted its holdings in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the period. ZRC Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Abich Financial Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Advanced Micro Devices in the third quarter worth about $41,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Citigroup lowered their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday. 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 research report on Friday, January 17th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Finally, HSBC reiterated a “reduce” rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.71.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $122.28 on Wednesday. The firm has a market cap of $198.44 billion, a PE ratio of 110.16, a P/E/G ratio of 1.07 and a beta of 1.66. The business has a 50-day moving average price of $129.42 and a 200 day moving average price of $144.76. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30.

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

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.65% of the company’s stock.

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.