Strengthening Families & Communities LLC Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Strengthening Families & Communities LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 55.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,957 shares of the semiconductor manufacturer’s stock after selling 2,479 shares during the period. Strengthening Families & Communities LLC’s holdings in Advanced Micro Devices were worth $236,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Creative Capital Management Investments LLC grew its holdings in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the last quarter. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $32,000. Compass Financial Services Inc bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $39,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at $41,000. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on AMD shares. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Morgan Stanley lowered their price target on Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Evercore ISI boosted their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Susquehanna cut their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Advanced Micro Devices Stock Up 2.7 %

Shares of AMD opened at $110.48 on Tuesday. The business’s 50 day simple moving average is $123.42 and its 200-day simple moving average is $139.71. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The stock has a market capitalization of $179.03 billion, a price-to-earnings ratio of 111.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting 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, equities analysts expect that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

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.