Atria Wealth Solutions Inc. Sells 9,635 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Atria Wealth Solutions Inc. decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 131,757 shares of the semiconductor manufacturer's stock after selling 9,635 shares during the period. Atria Wealth Solutions Inc.'s holdings in Advanced Micro Devices were worth $15,915,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMD. GAM Holding AG raised its holdings in shares of Advanced Micro Devices by 35.5% in the 4th quarter. GAM Holding AG now owns 43,024 shares of the semiconductor manufacturer's stock valued at $5,197,000 after acquiring an additional 11,273 shares in the last quarter. Venturi Wealth Management LLC grew its position in Advanced Micro Devices by 9.8% during the 4th quarter. Venturi Wealth Management LLC now owns 37,950 shares of the semiconductor manufacturer's stock worth $4,584,000 after acquiring an additional 3,402 shares during the last quarter. Citizens & Northern Corp grew its position in Advanced Micro Devices by 188.3% during the 4th quarter. Citizens & Northern Corp now owns 6,036 shares of the semiconductor manufacturer's stock worth $729,000 after acquiring an additional 3,942 shares during the last quarter. Empower Advisory Group LLC grew its position in shares of Advanced Micro Devices by 0.6% in the 4th quarter. Empower Advisory Group LLC now owns 25,706 shares of the semiconductor manufacturer's stock worth $3,105,000 after buying an additional 151 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Advanced Micro Devices by 26.0% in the 4th quarter. CIBC Asset Management Inc now owns 638,091 shares of the semiconductor manufacturer's stock worth $77,075,000 after buying an additional 131,796 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on 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 $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade 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.

Advanced Micro Devices Stock Down 2.9 %

Shares of AMD stock traded down $3.33 during mid-day trading on Friday, hitting $110.84. The company's stock had a trading volume of 41,194,513 shares, compared to its average volume of 40,816,133. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The business has a 50-day moving average price of $118.84 and a 200 day moving average price of $137.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market cap of $179.61 billion, a price-to-earnings ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMD shares. Wells Fargo & Company cut their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Rosenblatt Securities restated a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Argus upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Thursday, February 6th. Susquehanna dropped their price target on Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research report on Wednesday, February 5th. Finally, Melius lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price target for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price 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.