Banco BTG Pactual S.A. Has $484,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Banco BTG Pactual S.A. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 81.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,012 shares of the semiconductor manufacturer’s stock after selling 18,019 shares during the quarter. Banco BTG Pactual S.A.’s holdings in Advanced Micro Devices were worth $484,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ausdal Financial Partners Inc. grew its holdings in shares of Advanced Micro Devices by 30.2% during the 4th quarter. Ausdal Financial Partners Inc. now owns 7,893 shares of the semiconductor manufacturer’s stock worth $953,000 after purchasing an additional 1,831 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $726,000. Meiji Yasuda Asset Management Co Ltd. grew its stake in Advanced Micro Devices by 0.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,519 shares of the semiconductor manufacturer’s stock worth $3,686,000 after buying an additional 204 shares in the last quarter. Baxter Bros Inc. increased its holdings in Advanced Micro Devices by 5.4% in the 4th quarter. Baxter Bros Inc. now owns 2,452 shares of the semiconductor manufacturer’s stock valued at $296,000 after buying an additional 126 shares during the period. Finally, PKS Advisory Services LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $482,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMD shares. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Bank of America decreased their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Benchmark reaffirmed a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. HSBC reaffirmed a “reduce” rating and set a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Stock Up 0.8 %

Shares of Advanced Micro Devices stock opened at $114.81 on Wednesday. The firm has a market cap of $186.05 billion, a price-to-earnings ratio of 115.97, a PEG ratio of 1.11 and a beta of 1.74. The stock’s 50-day moving average is $110.18 and its 200 day moving average is $131.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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 anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

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.