Main Street Research LLC Has $7.30 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Main Street Research LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 47.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,445 shares of the semiconductor manufacturer’s stock after selling 54,915 shares during the quarter. Main Street Research LLC’s holdings in Advanced Micro Devices were worth $7,301,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NBT Bank N A NY increased its holdings in Advanced Micro Devices by 8.8% during the 4th quarter. NBT Bank N A NY now owns 2,038 shares of the semiconductor manufacturer’s stock valued at $246,000 after purchasing an additional 165 shares in the last quarter. SLT Holdings LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $417,000. Argentarii LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $272,000. OFI Invest Asset Management acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $8,910,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in shares of Advanced Micro Devices by 0.3% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 139,498 shares of the semiconductor manufacturer’s stock valued at $16,850,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. TD Cowen lowered their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. The Goldman Sachs Group cut 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. Finally, Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Trading Up 1.5 %

AMD opened at $100.31 on Monday. The stock has a market capitalization of $162.55 billion, a P/E ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.74. 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, Inc. has a 12 month low of $95.89 and a 12 month high of $227.30. The firm’s fifty day simple moving average is $114.39 and its 200 day simple moving average is $134.97.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.