SouthState Corp Sells 500 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

SouthState Corp lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 54.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 424 shares of the semiconductor manufacturer’s stock after selling 500 shares during the quarter. SouthState Corp’s holdings in Advanced Micro Devices were worth $51,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Bedell Frazier Investment Counselling LLC raised its holdings in shares of Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after purchasing an additional 74 shares during the period. NCM Capital Management LLC raised its holdings in shares of Advanced Micro Devices by 0.9% during the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after purchasing an additional 75 shares during the period. Pin Oak Investment Advisors Inc. raised its holdings in shares of Advanced Micro Devices by 15.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after purchasing an additional 76 shares during the period. Northeast Financial Consultants Inc raised its holdings in shares of Advanced Micro Devices by 2.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock valued at $479,000 after purchasing an additional 81 shares during the period. Finally, Abel Hall LLC raised its holdings in shares of Advanced Micro Devices by 4.6% in the 3rd quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock worth $304,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $103.51 on Wednesday. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.69. 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 $167.74 billion, a PE ratio of 104.56, a P/E/G ratio of 1.11 and a beta of 1.74. The company’s 50 day simple moving average is $111.08 and its two-hundred day simple moving average is $132.53.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (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 fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMD. Argus set a $160.00 target price on shares of Advanced Micro Devices in a report on Thursday, February 6th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Bank of America lowered their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $155.14.

Insiders Place Their Bets

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.73% of the company’s stock.

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.