Greystone Financial Group LLC Sells 3,117 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Greystone Financial Group LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 54.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,635 shares of the semiconductor manufacturer's stock after selling 3,117 shares during the quarter. Greystone Financial Group LLC's holdings in Advanced Micro Devices were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Blackston Financial Advisory Group LLC grew its stake in shares of Advanced Micro Devices by 25.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,260 shares of the semiconductor manufacturer's stock valued at $273,000 after purchasing an additional 456 shares during the last quarter. Outfitter Financial LLC lifted its holdings in Advanced Micro Devices by 10.1% in the fourth quarter. Outfitter Financial LLC now owns 3,105 shares of the semiconductor manufacturer's stock valued at $375,000 after buying an additional 285 shares during the period. Capital Advisory Group Advisory Services LLC lifted its holdings in Advanced Micro Devices by 2.4% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 4,958 shares of the semiconductor manufacturer's stock valued at $599,000 after buying an additional 117 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in Advanced Micro Devices by 1.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 7,465 shares of the semiconductor manufacturer's stock valued at $902,000 after buying an additional 123 shares during the period. Finally, Paradigm Asset Management Co. LLC lifted its holdings in Advanced Micro Devices by 35.6% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 2,667 shares of the semiconductor manufacturer's stock valued at $322,000 after buying an additional 700 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Down 2.9 %

AMD stock traded down $3.33 during midday 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 40,561,300. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The company's fifty day moving average price is $118.84 and its 200 day moving average price is $137.94. The stock has a market capitalization of $179.61 billion, a P/E 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 released its quarterly earnings data 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 net margin of 6.36% and a return on equity of 7.42%. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMD shares. TD Cowen cut their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Benchmark restated a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday. Bank of America cut their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Wedbush restated an "outperform" rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, UBS Group set a $175.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $155.83.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction on Friday, February 7th. The stock was acquired 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 in the company, valued at approximately $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 owned by company insiders.

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.