Private Wealth Partners LLC Sells 6,832 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Private Wealth Partners LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,748 shares of the semiconductor manufacturer's stock after selling 6,832 shares during the period. Advanced Micro Devices makes up 1.0% of Private Wealth Partners LLC's investment portfolio, making the stock its 26th largest holding. Private Wealth Partners LLC's holdings in Advanced Micro Devices were worth $13,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. Charles Schwab Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after purchasing an additional 177,700 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after purchasing an additional 12,500 shares in the last quarter. Shum Financial Group Inc. bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth $858,000. State Street Corp lifted its holdings in shares of Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after purchasing an additional 441,924 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $3.22 during trading hours on Friday, reaching $110.95. 31,210,695 shares of the stock traded hands, compared to its average volume of 40,432,551. The company has a market capitalization of $179.79 billion, a P/E ratio of 112.19, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. 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, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The company's 50-day simple moving average is $119.16 and its two-hundred day simple moving average is $138.11.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, 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 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 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 of the company's stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMD. HSBC reiterated a "reduce" rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Susquehanna decreased their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their target price for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. KeyCorp cut their target price on Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America cut their target price on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $158.70.

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.