Corebridge Financial Inc. Sells 27,626 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Corebridge Financial Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 507,101 shares of the semiconductor manufacturer’s stock after selling 27,626 shares during the quarter. Corebridge Financial Inc.’s holdings in Advanced Micro Devices were worth $61,253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Congress Wealth Management LLC DE boosted its holdings in Advanced Micro Devices by 44.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 19,624 shares of the semiconductor manufacturer’s stock worth $2,370,000 after buying an additional 6,060 shares during the period. Crowley Wealth Management Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $120,000. Vanguard Group Inc. boosted its stake in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the period. Meridian Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 8.2% during the fourth quarter. Meridian Wealth Advisors LLC now owns 28,320 shares of the semiconductor manufacturer’s stock worth $3,421,000 after purchasing an additional 2,157 shares in the last quarter. Finally, Optimum Investment Advisors raised its stake in Advanced Micro Devices by 11.3% during the 4th quarter. Optimum Investment Advisors now owns 3,446 shares of the semiconductor manufacturer’s stock valued at $416,000 after purchasing an additional 350 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMD shares. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Stifel Nicolaus cut their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, Benchmark reiterated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Stock Performance

AMD stock opened at $106.44 on Monday. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.28. The firm has a market cap of $172.48 billion, a price-to-earnings ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74. The business’s fifty day simple moving average is $110.28 and its two-hundred day simple moving average is $131.78. 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 (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

About Advanced Micro Devices

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.