Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 96.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,586 shares of the semiconductor manufacturer’s stock after selling 68,400 shares during the period. KCM Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AMD. Resona Asset Management Co. Ltd. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $58,902,000. Broderick Brian C grew its holdings in Advanced Micro Devices by 2.9% in the 4th quarter. Broderick Brian C now owns 113,376 shares of the semiconductor manufacturer’s stock valued at $13,695,000 after buying an additional 3,149 shares in the last quarter. Prudential PLC increased its stake in shares of Advanced Micro Devices by 3.2% in the 4th quarter. Prudential PLC now owns 215,311 shares of the semiconductor manufacturer’s stock worth $26,007,000 after acquiring an additional 6,740 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Advanced Micro Devices by 50.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 31,485 shares of the semiconductor manufacturer’s stock worth $3,803,000 after acquiring an additional 10,542 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Advanced Micro Devices by 4.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 7,344 shares of the semiconductor manufacturer’s stock valued at $887,000 after acquiring an additional 311 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. KeyCorp reduced their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. TD Cowen reduced their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Stock Down 8.6 %

Shares of Advanced Micro Devices stock opened at $85.76 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $81.68 and a 52-week high of $187.28. The company has a market capitalization of $138.61 billion, a P/E ratio of 86.63, a P/E/G ratio of 1.11 and a beta of 1.88. The company has a 50 day moving average of $106.88 and a 200 day moving average of $128.81.

Advanced Micro Devices (NASDAQ:AMD) last released 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, research analysts forecast 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.