Gryphon Financial Partners LLC Lowers Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Gryphon Financial Partners LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,627 shares of the semiconductor manufacturer’s stock after selling 240 shares during the period. Gryphon Financial Partners LLC’s holdings in Advanced Micro Devices were worth $438,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $29,000. Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $32,000. Finally, Compass Financial Services Inc purchased a new position in Advanced Micro Devices during the fourth quarter valued at $39,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $98.23 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $97.09 and a 1-year high of $227.30. The stock has a market cap of $159.18 billion, a PE ratio of 99.22, a P/E/G ratio of 1.11 and a beta of 1.65. The firm has a 50-day simple moving average of $116.41 and a two-hundred day simple moving average of $136.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling 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 stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 76,496 shares of the firm’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 transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMD shares. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th. Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Barclays decreased their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. HSBC reaffirmed a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $155.83.

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.