First Hawaiian Bank Sells 21,828 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

First Hawaiian Bank cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 84.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,941 shares of the semiconductor manufacturer's stock after selling 21,828 shares during the period. First Hawaiian Bank's holdings in Advanced Micro Devices were worth $476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after acquiring 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. acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at $858,000. State Street Corp increased its stake in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after buying an additional 441,924 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Barclays decreased their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Benchmark restated a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Mizuho decreased their price target on Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating for the company in a report on Friday. Finally, Roth Mkm restated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.22.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last three months. Company insiders own 0.73% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $5.80 during midday trading on Friday, reaching $116.04. 59,210,671 shares of the company traded hands, compared to its average volume of 43,996,684. The firm's fifty day moving average price is $132.58 and its two-hundred day moving average price is $146.57. The firm has a market capitalization of $188.31 billion, a price-to-earnings ratio of 104.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $114.45 and a 12 month high of $227.30.

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