Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Reduced by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,655 shares of the semiconductor manufacturer’s stock after selling 837 shares during the period. Joel Isaacson & Co. LLC’s holdings in Advanced Micro Devices were worth $321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Creative Capital Management Investments LLC lifted its holdings in shares of 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 valued at $25,000 after buying an additional 86 shares during the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth approximately $32,000. FSA Wealth Management LLC acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth $41,000. Finally, Coston McIsaac & Partners raised its holdings in shares of Advanced Micro Devices by 319.4% during the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after purchasing an additional 198 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $107.56 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The firm has a market cap of $174.30 billion, a P/E ratio of 108.65, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. The business’s fifty day moving average is $123.42 and its two-hundred day moving average is $139.84.

Advanced Micro Devices (NASDAQ:AMD) last posted 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 net margin of 6.36% and a return on equity of 7.42%. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on AMD shares. Susquehanna cut their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Piper Sandler cut their target price on shares of Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday. Benchmark lowered their price target on Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Bank of America decreased their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.73% of the company’s stock.

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.