Mill Creek Capital Advisors LLC Has $672,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mill Creek Capital Advisors LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,562 shares of the semiconductor manufacturer’s stock after selling 467 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Capital Management Investments LLC raised its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $32,000. Compass Financial Services Inc bought a new position in Advanced Micro Devices during the 4th quarter valued at $39,000. Finally, FSA Wealth Management LLC purchased a new position in Advanced Micro Devices during the 3rd quarter worth $41,000. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMD has been the topic of a number of recent analyst reports. Benchmark dropped their price target on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. KeyCorp dropped their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Susquehanna decreased their price target on 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. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Finally, Piper Sandler decreased their target price on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated 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 owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Up 2.7 %

Shares of Advanced Micro Devices stock opened at $110.48 on Tuesday. The company has a 50 day simple moving average of $123.42 and a two-hundred day simple moving average of $139.71. The firm has a market cap of $179.03 billion, a PE ratio of 111.60, a PEG ratio of 1.04 and a beta of 1.65. 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.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts expect that Advanced Micro Devices, Inc. will post 4.11 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.