Farther Finance Advisors LLC Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Farther Finance Advisors LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,087 shares of the semiconductor manufacturer's stock after selling 4,473 shares during the period. Farther Finance Advisors LLC's holdings in Advanced Micro Devices were worth $1,702,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices in the third quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity

In related news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD opened at $98.11 on Friday. The stock has a 50-day moving average price of $112.54 and a 200-day moving average price of $133.69. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $196.93. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $158.99 billion, a P/E ratio of 99.10, a PEG ratio of 1.11 and a beta of 1.74.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (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%. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of several research reports. KeyCorp lowered their target price on 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. UBS Group set a $175.00 target price on Advanced Micro Devices 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 objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Wells Fargo & Company reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $155.83.

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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