Mark Sheptoff Financial Planning LLC Lowers Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mark Sheptoff Financial Planning LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 32.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 617 shares of the semiconductor manufacturer’s stock after selling 300 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Advanced Micro Devices were worth $75,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in AMD. Van ECK Associates Corp lifted its holdings in Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after buying an additional 2,238,866 shares in the last quarter. State Street Corp increased its position in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after acquiring an additional 1,565,083 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $165,952,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMD shares. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Mizuho dropped their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Benchmark restated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Finally, Loop Capital began coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Trading Up 0.8 %

Shares of Advanced Micro Devices stock opened at $114.81 on Wednesday. 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 business has a fifty day simple moving average of $110.18 and a two-hundred day simple moving average of $131.46. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28. The company has a market capitalization of $186.05 billion, a price-to-earnings ratio of 115.97, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on 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 completion of the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.73% of the company’s stock.

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.