KCM Investment Advisors LLC Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

KCM Investment Advisors LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 96.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,586 shares of the semiconductor manufacturer’s stock after selling 68,400 shares during the period. KCM Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. Howard Capital Management Group LLC raised its position in shares of Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares in the last quarter. Principal Financial Group Inc. grew its stake in Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares during the last quarter. United Bank bought a new position in Advanced Micro Devices in the third quarter worth about $516,000. EP Wealth Advisors LLC lifted its position in shares of Advanced Micro Devices by 19.0% during the third quarter. EP Wealth Advisors LLC now owns 66,132 shares of the semiconductor manufacturer’s stock valued at $10,851,000 after buying an additional 10,566 shares during the last quarter. Finally, World Investment Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 1,031.3% in the 3rd quarter. World Investment Advisors LLC now owns 131,140 shares of the semiconductor manufacturer’s stock valued at $21,517,000 after buying an additional 119,548 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Down 8.6 %

AMD opened at $85.76 on Monday. The company has a fifty day moving average of $106.88 and a two-hundred day moving average of $128.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a fifty-two week low of $81.68 and a fifty-two week high of $187.28. The stock has a market capitalization of $138.61 billion, a price-to-earnings ratio of 86.63, a PEG ratio of 1.11 and a beta of 1.88.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Mizuho decreased their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Barclays decreased their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. HSBC restated a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, Truist Financial set a $130.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.