Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Whittier Trust Co.

Whittier Trust Co. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 82.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,638 shares of the semiconductor manufacturer's stock after selling 127,016 shares during the period. Whittier Trust Co.'s holdings in Advanced Micro Devices were worth $3,218,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMD. Swedbank AB increased its position in shares of Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer's stock worth $353,040,000 after purchasing 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 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock worth $300,000 after buying an additional 324 shares during the last quarter. Principal Financial Group Inc. increased its position in Advanced Micro Devices by 30.2% during 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 buying an additional 588,595 shares in the last quarter. United Bank purchased a new stake in Advanced Micro Devices in the third quarter valued at about $516,000. Finally, Prospera Private Wealth LLC acquired a new stake in Advanced Micro Devices in the third quarter worth about $50,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the company's stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen decreased their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, January 13th. KeyCorp decreased 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 report on Wednesday, February 5th. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Citigroup reissued a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus lowered their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.14.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $0.96 on Tuesday, hitting $114.81. The company had a trading volume of 28,999,368 shares, compared to its average volume of 43,498,447. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company's fifty day moving average price is $110.21 and its 200-day moving average price is $131.60. The company has a market capitalization of $186.05 billion, a PE ratio of 115.97, 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 released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.