Traveka Wealth LLC Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Traveka Wealth LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.6% in the fourth quarter, Holdings Channel reports. The fund owned 2,028 shares of the semiconductor manufacturer’s stock after selling 735 shares during the quarter. Traveka Wealth LLC’s holdings in Advanced Micro Devices were worth $245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $1,726,000. Rathbones Group PLC lifted its stake in shares of Advanced Micro Devices by 20.6% in the 2nd quarter. Rathbones Group PLC now owns 23,036 shares of the semiconductor manufacturer’s stock valued at $3,737,000 after purchasing an additional 3,929 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $986,000. Greenwich Wealth Management LLC increased its position in shares of Advanced Micro Devices by 29.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 1,455 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 333 shares during the last quarter. Finally, Valley Forge Investment Consultants Inc. ADV purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at $211,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMD has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Barclays dropped their target price on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Morgan Stanley reduced their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $129.00 in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.44.

Advanced Micro Devices Stock Up 1.1 %

Advanced Micro Devices stock opened at $117.32 on Tuesday. The business has a fifty day moving average price of $132.11 and a 200-day moving average price of $146.27. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The stock has a market capitalization of $190.39 billion, a price-to-earnings ratio of 105.69, a PEG ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,036 shares of company stock valued at $28,165,821. 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.