Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Reduced by Fermata Advisors LLC

Fermata Advisors LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,366 shares of the semiconductor manufacturer's stock after selling 2,294 shares during the period. Fermata Advisors LLC's holdings in Advanced Micro Devices were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares during the period. ZRC Wealth Management LLC lifted its holdings in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 75 shares during the period. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $26,000. Abich Financial Wealth Management LLC lifted its holdings in Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock valued at $36,000 after acquiring an additional 111 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices in the third quarter valued at $41,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.65% of the company's stock.

Advanced Micro Devices Trading Up 2.5 %

Shares of NASDAQ AMD traded up $3.02 during midday trading on Friday, hitting $121.46. The stock had a trading volume of 35,556,654 shares, compared to its average volume of 34,940,360. The company has a market capitalization of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $130.47 and a 200 day moving average price of $145.58.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMD shares. Wells Fargo & Company reduced their target price on Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Loop Capital assumed coverage on Advanced Micro Devices in a research report on Tuesday. They issued a "buy" rating and a $175.00 price target for the company. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.61.

Advanced Micro Devices Company 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.