Whittier Trust Co. Reduces Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Whittier Trust Co. lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 82.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,638 shares of the semiconductor manufacturer’s stock after selling 127,016 shares during the quarter. Whittier Trust Co.’s holdings in Advanced Micro Devices were worth $3,218,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AMD. Van ECK Associates Corp grew its stake in Advanced Micro Devices by 23.3% during the 4th 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. State Street Corp grew its stake in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after purchasing an additional 1,565,083 shares during the last quarter. Alecta Tjanstepension Omsesidigt purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $165,952,000. Finally, Clear Street Derivatives LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter worth about $110,496,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. 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, February 5th. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Barclays lowered their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.14.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $106.44 on Friday. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market cap of $172.48 billion, a PE ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74. The stock has a 50 day moving average price of $110.28 and a 200 day moving average price of $131.88.

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

Advanced Micro Devices Company 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.