Greenleaf Trust Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Greenleaf Trust lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,539 shares of the semiconductor manufacturer's stock after selling 3,270 shares during the quarter. Greenleaf Trust's holdings in Advanced Micro Devices were worth $4,293,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC lifted its stake 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 valued at $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC lifted its position in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $32,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $41,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $2.91 on Friday, hitting $115.95. 40,446,851 shares of the company's stock were exchanged, compared to its average volume of 35,441,836. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The stock has a market cap of $188.16 billion, a price-to-earnings ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66. The stock has a 50-day moving average of $125.92 and a 200-day moving average of $141.24.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction that occurred on 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 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. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. Insiders own 0.73% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on AMD shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. Evercore ISI lifted their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. TD Cowen cut their target price on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Roth Mkm restated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Finally, KeyCorp cut their price target on shares of Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $169.77.

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.