Concentrum Wealth Management Has $5.28 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Concentrum Wealth Management cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,702 shares of the semiconductor manufacturer’s stock after selling 3,004 shares during the quarter. Advanced Micro Devices comprises approximately 1.9% of Concentrum Wealth Management’s holdings, making the stock its 11th largest position. Concentrum Wealth Management’s holdings in Advanced Micro Devices were worth $5,279,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter worth $2,867,193,000. Van ECK Associates Corp grew its position in shares of Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. Alecta Tjanstepension Omsesidigt acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $165,952,000. Finally, Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock valued at $4,224,840,000 after purchasing an additional 835,413 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average price 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. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Down 8.6 %

Shares of NASDAQ:AMD opened at $85.76 on Monday. Advanced Micro Devices, Inc. has a 12 month low of $81.68 and a 12 month high of $187.28. The firm has a market cap of $138.61 billion, a P/E ratio of 86.63, a P/E/G ratio of 1.11 and a beta of 1.88. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $106.88 and its two-hundred day moving average price is $128.81.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMD shares. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. KeyCorp reduced their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.72.

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.