Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lessened by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,303 shares of the semiconductor manufacturer’s stock after selling 6,013 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,848,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of AMD. Creative Capital Management Investments LLC boosted its stake 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 valued at $25,000 after buying an additional 86 shares in the last quarter. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $32,000. Compass Financial Services Inc bought a new position in Advanced Micro Devices during the fourth quarter valued at about $39,000. Finally, FSA Wealth Management LLC bought a new position in Advanced Micro Devices during the third quarter valued at about $41,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $110.48 on Tuesday. The business’s 50 day moving average is $123.42 and its two-hundred day moving average is $139.71. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $179.03 billion, a P/E ratio of 111.60, a P/E/G ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Analyst Ratings Changes

AMD has been the subject of several research reports. TD Cowen decreased their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Bank of America reduced their target price 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, KeyCorp reduced their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was 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 owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.

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.