Caprock Group LLC Lowers Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Caprock Group LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,436 shares of the semiconductor manufacturer’s stock after selling 1,377 shares during the period. Caprock Group LLC’s holdings in Advanced Micro Devices were worth $3,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Saxony Capital Management LLC boosted its position in shares of Advanced Micro Devices by 14.7% during the fourth quarter. Saxony Capital Management LLC now owns 3,726 shares of the semiconductor manufacturer’s stock worth $450,000 after acquiring an additional 477 shares during the last quarter. Alta Wealth Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 4.0% during the 4th quarter. Alta Wealth Advisors LLC now owns 6,308 shares of the semiconductor manufacturer’s stock valued at $762,000 after purchasing an additional 243 shares during the last quarter. Coastwise Capital Group LLC grew its position in shares of Advanced Micro Devices by 29.9% during the fourth quarter. Coastwise Capital Group LLC now owns 3,393 shares of the semiconductor manufacturer’s stock valued at $410,000 after purchasing an additional 780 shares in the last quarter. Strategic Advocates LLC increased its holdings in shares of Advanced Micro Devices by 17.6% in the fourth quarter. Strategic Advocates LLC now owns 1,868 shares of the semiconductor manufacturer’s stock worth $226,000 after purchasing an additional 279 shares during the last quarter. Finally, Sonora Investment Management Group LLC increased its holdings in shares of Advanced Micro Devices by 11.9% in the fourth quarter. Sonora Investment Management Group LLC now owns 5,689 shares of the semiconductor manufacturer’s stock worth $687,000 after purchasing an additional 605 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $115.95 on Friday. The stock has a market cap of $188.16 billion, a price-to-earnings ratio of 104.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66. The firm has a 50-day moving average of $126.37 and a two-hundred day moving average of $141.93. Advanced Micro Devices, Inc. has a 1 year low of $112.80 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Mizuho cut their price target on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Loop Capital initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Susquehanna decreased their target price on shares of Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $169.77.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last ninety days. Corporate insiders own 0.73% of the company’s stock.

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.