Private Capital Advisors Inc. Reduces Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Private Capital Advisors Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,065 shares of the semiconductor manufacturer’s stock after selling 3,104 shares during the period. Private Capital Advisors Inc.’s holdings in Advanced Micro Devices were worth $2,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMD. Motive Wealth Advisors grew its stake in shares of Advanced Micro Devices by 10.6% during the fourth quarter. Motive Wealth Advisors now owns 1,924 shares of the semiconductor manufacturer’s stock valued at $232,000 after acquiring an additional 184 shares in the last quarter. One Wealth Management Investment & Advisory Services LLC grew its stake in Advanced Micro Devices by 309.9% during the 4th quarter. One Wealth Management Investment & Advisory Services LLC now owns 7,751 shares of the semiconductor manufacturer’s stock valued at $936,000 after purchasing an additional 5,860 shares in the last quarter. Greater Midwest Financial Group LLC increased its holdings in Advanced Micro Devices by 23.9% during the 4th quarter. Greater Midwest Financial Group LLC now owns 9,132 shares of the semiconductor manufacturer’s stock worth $1,103,000 after purchasing an additional 1,761 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Advanced Micro Devices by 25.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,029 shares of the semiconductor manufacturer’s stock worth $1,211,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $123.04 on Friday. The company has a 50-day moving average of $128.68 and a 200-day moving average of $144.27. The firm has a market cap of $199.67 billion, a price-to-earnings ratio of 110.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMD shares. Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. TD Cowen dropped their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Barclays lowered their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.71.

Insider Activity

In other news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last three months. Insiders own 0.73% of the company’s stock.

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.