TD Asset Management Inc. Sells 143,401 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

TD Asset Management Inc. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,318,758 shares of the semiconductor manufacturer’s stock after selling 143,401 shares during the period. TD Asset Management Inc.’s holdings in Advanced Micro Devices were worth $159,293,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. Finally, IAG Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 74.7% during the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $114.81 on Wednesday. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28. The firm’s 50 day moving average is $110.18 and its 200-day moving average is $131.46. The company has a market capitalization of $186.05 billion, a PE ratio of 115.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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, 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMD shares. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. TD Cowen reduced their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Bank of America dropped their price objective 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. Stifel Nicolaus reduced their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Finally, Susquehanna lowered their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $155.14.

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.