Aviva PLC Sells 3,768 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aviva PLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 974,930 shares of the semiconductor manufacturer’s stock after selling 3,768 shares during the quarter. Aviva PLC’s holdings in Advanced Micro Devices were worth $117,762,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $29,000. Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMD shares. Stifel Nicolaus dropped their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Bank of America cut their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $85.76 on Friday. The company has a 50 day moving average of $106.88 and a 200 day moving average of $129.10. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $138.61 billion, a P/E ratio of 86.63, a P/E/G ratio of 1.11 and a beta of 1.88. Advanced Micro Devices, Inc. has a 12 month low of $83.67 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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.