Envestnet Portfolio Solutions Inc. Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,198 shares of the semiconductor manufacturer’s stock after selling 416 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Advanced Micro Devices were worth $11,016,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after purchasing an additional 177,700 shares in the last quarter. Swiss National Bank increased its holdings in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after purchasing an additional 12,500 shares in the last quarter. Shum Financial Group Inc. purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $858,000. State Street Corp increased its holdings in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after purchasing an additional 441,924 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 2.9 %

NASDAQ AMD opened at $100.97 on Monday. The firm’s 50-day moving average is $112.05 and its two-hundred day moving average is $133.14. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $193.50. 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 stock has a market capitalization of $163.62 billion, a P/E ratio of 101.99, a PEG ratio of 1.11 and a beta of 1.74.

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

Insiders Place Their Bets

In other news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several recent analyst reports. UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Benchmark reissued a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Susquehanna cut their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.14.

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.