Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Decreased by Realta Investment Advisors

Realta Investment Advisors cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,395 shares of the semiconductor manufacturer’s stock after selling 2,033 shares during the period. Realta Investment Advisors’ holdings in Advanced Micro Devices were worth $551,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Creative Capital Management Investments LLC grew its holdings in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $26,000. FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices during the 3rd quarter worth about $41,000. Coston McIsaac & Partners grew its stake in Advanced Micro Devices by 319.4% during the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 198 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Stifel Nicolaus lowered their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Susquehanna cut 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.65% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $110.16 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a market cap of $178.77 billion, a P/E ratio of 99.24, a P/E/G ratio of 1.03 and a beta of 1.66. The business’s 50 day moving average is $124.01 and its two-hundred day moving average is $140.18.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.