Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Lessened by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 80.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,747 shares of the semiconductor manufacturer's stock after selling 53,569 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Advanced Micro Devices were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter worth $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 acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. Finally, IAG Wealth Partners LLC lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at $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 is available through this hyperlink. 0.73% of the stock is currently owned by insiders.

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Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $4.62 during midday trading on Wednesday, hitting $110.19. 39,786,031 shares of the company's stock were exchanged, compared to its average volume of 43,287,462. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.28. The firm has a market cap of $178.56 billion, a P/E ratio of 111.30, a PEG ratio of 1.11 and a beta of 1.74. The stock's 50 day moving average price is $110.18 and its 200-day moving average price is $131.46. 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 (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMD shares. Stifel Nicolaus dropped their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. UBS Group set a $175.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Wedbush restated an "outperform" rating and set a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.14.

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.