Bristlecone Advisors LLC Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bristlecone Advisors LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,174 shares of the semiconductor manufacturer’s stock after selling 954 shares during the period. Bristlecone Advisors LLC’s holdings in Advanced Micro Devices were worth $504,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Creative Capital Management Investments LLC raised its stake in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares during the period. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $32,000. Compass Financial Services Inc purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $39,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $41,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the topic of a number of research analyst reports. Mizuho reduced their price target on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Friday. Benchmark dropped their price objective on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Trading Up 2.7 %

Shares of Advanced Micro Devices stock opened at $110.48 on Tuesday. The company has a fifty day simple moving average of $123.42 and a 200-day simple moving average of $139.71. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market cap of $179.03 billion, a price-to-earnings ratio of 111.60, a PEG ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by insiders.

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.