FineMark National Bank & Trust Sells 690 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

FineMark National Bank & Trust decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,856 shares of the semiconductor manufacturer’s stock after selling 690 shares during the quarter. FineMark National Bank & Trust’s holdings in Advanced Micro Devices were worth $1,191,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $32,000. Finally, IAG Wealth Partners LLC boosted its holdings in 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 purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was bought 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 directly owns 33,522 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their target price for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday. Bank of America lowered 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. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to 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 Stock Performance

Shares of AMD opened at $114.81 on Wednesday. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28. 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 company has a market cap of $186.05 billion, a PE ratio of 115.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The stock has a 50-day moving average price of $110.18 and a 200-day moving average price of $131.46.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates 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 forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.