Drive Wealth Management LLC Sells 104 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Drive Wealth Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,783 shares of the semiconductor manufacturer’s stock after selling 104 shares during the quarter. Drive Wealth Management LLC’s holdings in Advanced Micro Devices were worth $578,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Advanced Micro Devices by 0.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,075 shares of the semiconductor manufacturer’s stock valued at $2,546,000 after buying an additional 177 shares during the last quarter. High Net Worth Advisory Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $206,000. Regatta Capital Group LLC boosted its holdings in Advanced Micro Devices by 3.0% in the fourth quarter. Regatta Capital Group LLC now owns 21,028 shares of the semiconductor manufacturer’s stock worth $2,540,000 after purchasing an additional 615 shares during the last quarter. Novare Capital Management LLC raised its stake in Advanced Micro Devices by 5.8% during the 4th quarter. Novare Capital Management LLC now owns 11,915 shares of the semiconductor manufacturer’s stock valued at $1,439,000 after buying an additional 654 shares during the last quarter. Finally, Harrell Investment Partners LLC grew its holdings in shares of Advanced Micro Devices by 6.9% in the fourth quarter. Harrell Investment Partners LLC now owns 19,425 shares of the semiconductor manufacturer’s stock worth $2,346,000 after acquiring an additional 1,248 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Mizuho cut their price target on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Citigroup decreased their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. HSBC reissued a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. UBS Group lowered their target price on 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. Finally, Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.33.

Advanced Micro Devices Stock Down 0.2 %

Shares of AMD opened at $122.84 on Monday. The company has a market cap of $199.35 billion, a PE ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66. The business has a fifty day moving average of $128.12 and a 200 day moving average of $143.50. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week 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.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.