Simplicity Wealth LLC Sells 3,952 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Simplicity Wealth LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 63.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,244 shares of the semiconductor manufacturer's stock after selling 3,952 shares during the period. Simplicity Wealth LLC's holdings in Advanced Micro Devices were worth $271,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $32,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the company's stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on AMD. HSBC reissued a "reduce" rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Susquehanna decreased their price target on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price target for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Stifel Nicolaus decreased their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Finally, Melius Research reaffirmed a "hold" rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $155.83.

Advanced Micro Devices Price Performance

AMD stock traded up $3.48 during midday trading on Wednesday, reaching $100.24. 20,411,086 shares of the stock were exchanged, compared to its average volume of 39,438,766. The company has a fifty day moving average price of $113.39 and a 200 day moving average price of $134.17. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $198.83. The stock has a market capitalization of $162.43 billion, a PE ratio of 101.27, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS 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.