FourThought Financial Partners LLC Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

FourThought Financial Partners LLC lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,821 shares of the semiconductor manufacturer’s stock after selling 302 shares during the quarter. FourThought Financial Partners LLC’s holdings in Advanced Micro Devices were worth $2,515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hendley & Co. Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $211,000. Sentry Investment Management LLC raised its stake in Advanced Micro Devices by 71.7% during the fourth quarter. Sentry Investment Management LLC now owns 6,699 shares of the semiconductor manufacturer’s stock worth $809,000 after purchasing an additional 2,798 shares during the period. Trifecta Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 6.0% in the 4th quarter. Trifecta Capital Advisors LLC now owns 26,084 shares of the semiconductor manufacturer’s stock valued at $3,151,000 after purchasing an additional 1,485 shares during the last quarter. Prasad Wealth Partners LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $310,000. Finally, BankPlus Trust Department purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 2.5 %

Shares of NASDAQ AMD opened at $108.11 on Tuesday. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. 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 stock has a market capitalization of $175.19 billion, a P/E ratio of 109.20, a PEG ratio of 1.11 and a beta of 1.66. The stock’s 50 day moving average price is $118.47 and its two-hundred day moving average price is $137.86.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting 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, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMD. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Friday, February 7th. Mizuho dropped their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $155.83.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was bought 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 $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

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.