Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,357 shares of the semiconductor manufacturer's stock after selling 35,121 shares during the quarter. Advanced Micro Devices comprises 1.2% of Napean Trading & Investment Co Singapore PTE Ltd's holdings, making the stock its 28th largest holding. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Advanced Micro Devices were worth $4,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $32,000. Finally, IAG Wealth Partners LLC increased its holdings in Advanced Micro Devices by 74.7% during the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock worth $33,000 after acquiring an additional 118 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.73% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price objective on the stock. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Barclays lowered their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, KeyCorp dropped their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $152.72.

Advanced Micro Devices Price Performance

Shares of AMD traded down $3.54 during mid-day trading on Thursday, reaching $106.65. The stock had a trading volume of 32,729,927 shares, compared to its average volume of 43,129,809. The business has a fifty day moving average of $109.75 and a 200 day moving average of $131.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market cap of $172.82 billion, a price-to-earnings ratio of 107.73, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results 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%. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.