Valley Brook Capital Group Inc. Sells 770 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Valley Brook Capital Group Inc. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,991 shares of the semiconductor manufacturer’s stock after selling 770 shares during the period. Valley Brook Capital Group Inc.’s holdings in Advanced Micro Devices were worth $724,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Advanced Micro Devices during the 3rd quarter worth $359,000. Fiduciary Alliance LLC lifted its holdings in Advanced Micro Devices by 31.8% during the 3rd quarter. Fiduciary Alliance LLC now owns 2,071 shares of the semiconductor manufacturer’s stock worth $340,000 after buying an additional 500 shares in the last quarter. Harrington Investments INC acquired a new position in Advanced Micro Devices during the 3rd quarter worth $517,000. Wesbanco Bank Inc. lifted its holdings in Advanced Micro Devices by 15.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after buying an additional 21,132 shares in the last quarter. Finally, Creative Planning lifted its holdings in Advanced Micro Devices by 18.4% during the 3rd quarter. Creative Planning now owns 436,660 shares of the semiconductor manufacturer’s stock worth $66,674,000 after buying an additional 67,973 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMD. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Argus raised Advanced Micro Devices to a “strong-buy” rating in a research note on Thursday, February 6th. Finally, Summit Insights raised Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Two research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Advanced Micro Devices Trading Up 0.6 %

Shares of AMD stock opened at $111.10 on Wednesday. The firm has a 50 day moving average price of $122.79 and a two-hundred day moving average price of $139.51. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $180.04 billion, a PE ratio of 112.22, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts predict that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is owned by company insiders.

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.