First Horizon Advisors Inc. Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

First Horizon Advisors Inc. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,310 shares of the semiconductor manufacturer’s stock after selling 244 shares during the period. First Horizon Advisors Inc.’s holdings in Advanced Micro Devices were worth $400,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMD. Van ECK Associates Corp raised its position in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares during the period. State Street Corp raised its position in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after acquiring an additional 1,565,083 shares during the period. Clear Street Derivatives LLC bought a new position in Advanced Micro Devices in the third quarter worth approximately $110,496,000. Finally, Fisher Asset Management LLC raised its position in Advanced Micro Devices by 2.8% in the third quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer’s stock worth $3,904,323,000 after acquiring an additional 644,039 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. TD Cowen decreased their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Barclays decreased their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Evercore ISI raised their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $155.83.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $108.11 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The stock has a market capitalization of $175.19 billion, a P/E ratio of 109.20, a PEG ratio of 1.15 and a beta of 1.66. The firm has a fifty day simple moving average of $118.47 and a two-hundred day simple moving average of $137.86. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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%. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.