Great Lakes Advisors LLC Sells 7,157 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Great Lakes Advisors LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,283 shares of the semiconductor manufacturer’s stock after selling 7,157 shares during the period. Great Lakes Advisors LLC’s holdings in Advanced Micro Devices were worth $1,242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $32,000. Finally, Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $39,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AMD shares. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a report on Friday, February 7th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Melius Research reaffirmed a “hold” rating and issued a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Truist Financial set a $130.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Argus set a $160.00 target price on Advanced Micro Devices in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Trading Up 2.9 %

Shares of Advanced Micro Devices stock opened at $100.97 on Friday. The stock has a market capitalization of $163.62 billion, a PE ratio of 101.99, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $193.50. The stock has a 50 day moving average price of $112.05 and a two-hundred day moving average price of $133.23.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (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%. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.73% of the stock is owned by 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.