Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Trimmed by Edgestream Partners L.P.

Edgestream Partners L.P. cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 36.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,774 shares of the semiconductor manufacturer's stock after selling 4,390 shares during the quarter. Edgestream Partners L.P.'s holdings in Advanced Micro Devices were worth $939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at $32,000. Finally, Compass Financial Services Inc purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $39,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value 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 approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wolfe Research downgraded Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. HSBC reiterated a "reduce" rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Melius lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. KeyCorp dropped their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, UBS Group set a $175.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $155.83.

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Advanced Micro Devices Stock Up 0.1 %

Shares of AMD opened at $96.76 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $202.85. The firm has a market capitalization of $156.80 billion, a P/E ratio of 97.74, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a 50-day simple moving average of $113.39 and a 200-day simple moving average of $134.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current 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.

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