Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 60,442 shares of the semiconductor manufacturer’s stock after selling 1,893 shares during the period. Marco Investment Management LLC’s holdings in Advanced Micro Devices were worth $7,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $32,000. Finally, Compass Financial Services Inc purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $39,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 2.8 %

Shares of NASDAQ AMD opened at $98.85 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $95.89 and a 52 week high of $227.30. The firm has a 50-day moving average price of $114.89 and a 200 day moving average price of $135.66. The stock has a market capitalization of $160.18 billion, a price-to-earnings ratio of 99.85, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. Susquehanna dropped their target price on shares of 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. Melius Research reaffirmed a “hold” rating and issued a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. HSBC reaffirmed a “reduce” rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Mizuho dropped their target price on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.