Main Street Research LLC Sells 54,915 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Main Street Research LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 47.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,445 shares of the semiconductor manufacturer's stock after selling 54,915 shares during the period. Main Street Research LLC's holdings in Advanced Micro Devices were worth $7,301,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMD. Swedbank AB grew its holdings in Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer's stock valued at $353,040,000 after buying an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC grew its stake in Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 324 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after acquiring an additional 588,595 shares during the last quarter. Summit Global Investments lifted its stake in Advanced Micro Devices by 52.1% in the 3rd quarter. Summit Global Investments now owns 3,885 shares of the semiconductor manufacturer's stock worth $637,000 after purchasing an additional 1,331 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its holdings in shares of Advanced Micro Devices by 54.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 8,633 shares of the semiconductor manufacturer's stock valued at $1,417,000 after purchasing an additional 3,039 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

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Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Up 2.6 %

NASDAQ AMD traded up $2.50 on Wednesday, reaching $99.26. 10,023,050 shares of the stock traded hands, compared to its average volume of 39,215,375. The company has a market cap of $160.86 billion, a price-to-earnings ratio of 100.52, a PEG ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $198.83. The company has a fifty day moving average price of $113.39 and a 200-day moving average price of $134.17.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting 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, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus decreased their target price on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Susquehanna lowered their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating for the company in a research report on Wednesday, February 5th. Finally, Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.