Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Lowered by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 131,757 shares of the semiconductor manufacturer’s stock after selling 9,635 shares during the period. Atria Wealth Solutions Inc.’s holdings in Advanced Micro Devices were worth $15,915,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in AMD. Creative Capital Management Investments LLC grew its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth $26,000. FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $41,000. Coston McIsaac & Partners lifted its position in shares of Advanced Micro Devices by 319.4% in the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 198 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $32,000. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $113.10 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The business’s 50-day moving average price is $120.43 and its 200-day moving average price is $138.70. The firm has a market capitalization of $183.28 billion, a price-to-earnings ratio of 114.24, a PEG ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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 forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMD shares. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Bank of America lowered their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Evercore ISI lifted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Benchmark reduced their target price on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

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.