Main Street Research LLC Has $7.30 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Main Street Research LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 47.6% during the 4th quarter, Holdings Channel reports. The firm owned 60,445 shares of the semiconductor manufacturer’s stock after selling 54,915 shares during the quarter. Main Street Research LLC’s holdings in Advanced Micro Devices were worth $7,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. NBT Bank N A NY grew its holdings in Advanced Micro Devices by 8.8% during the fourth quarter. NBT Bank N A NY now owns 2,038 shares of the semiconductor manufacturer’s stock worth $246,000 after purchasing an additional 165 shares during the period. SLT Holdings LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $417,000. Argentarii LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $272,000. OFI Invest Asset Management acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $8,910,000. Finally, Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Advanced Micro Devices by 0.3% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 139,498 shares of the semiconductor manufacturer’s stock valued at $16,850,000 after acquiring an additional 386 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $100.31 on Monday. The stock has a market cap of $162.55 billion, a price-to-earnings ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a 50 day simple moving average of $114.39 and a 200 day simple moving average of $134.97. Advanced Micro Devices, Inc. has a 1 year low of $95.89 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results 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%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMD shares. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Susquehanna decreased their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Finally, Bank of America lowered their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices 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.