Amalgamated Bank Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Amalgamated Bank lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,692 shares of the semiconductor manufacturer’s stock after selling 7,232 shares during the period. Amalgamated Bank’s holdings in Advanced Micro Devices were worth $39,340,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Hendley & Co. Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $211,000. Sentry Investment Management LLC increased its position in shares of Advanced Micro Devices by 71.7% in the fourth quarter. Sentry Investment Management LLC now owns 6,699 shares of the semiconductor manufacturer’s stock worth $809,000 after acquiring an additional 2,798 shares in the last quarter. Trifecta Capital Advisors LLC increased its position in shares of Advanced Micro Devices by 6.0% in the fourth quarter. Trifecta Capital Advisors LLC now owns 26,084 shares of the semiconductor manufacturer’s stock worth $3,151,000 after acquiring an additional 1,485 shares in the last quarter. Prasad Wealth Partners LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $310,000. Finally, BankPlus Trust Department acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $39,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent analyst reports. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, February 7th. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Evercore ISI raised their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Cowen decreased their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Advanced Micro Devices Stock Down 2.5 %

AMD stock opened at $108.11 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The company has a market capitalization of $175.19 billion, a price-to-earnings ratio of 109.20, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. The firm’s 50-day moving average is $118.47 and its two-hundred day moving average is $137.86. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced 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%. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

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.