Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Xponance Inc.

Xponance Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 332,488 shares of the semiconductor manufacturer’s stock after selling 5,328 shares during the period. Xponance Inc.’s holdings in Advanced Micro Devices were worth $40,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $32,000. Finally, IAG Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 118 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Benchmark reissued a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Mizuho lowered their price target on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Friday. Finally, Melius Research reaffirmed a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average cost 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 approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of AMD opened at $104.59 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $193.50. The firm has a market cap of $169.49 billion, a price-to-earnings ratio of 105.65, a PEG ratio of 1.11 and a beta of 1.74. 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 50 day moving average of $111.55 and a 200-day moving average of $132.85.

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

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.