Nvwm LLC Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nvwm LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,015 shares of the semiconductor manufacturer’s stock after selling 1,200 shares during the quarter. Nvwm LLC’s holdings in Advanced Micro Devices were worth $2,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AMD. Creative Capital Management Investments LLC increased its holdings in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares during the last quarter. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices in the fourth quarter worth $26,000. FSA Wealth Management LLC bought a new position in Advanced Micro Devices in the third quarter valued at $41,000. Coston McIsaac & Partners lifted its stake in Advanced Micro Devices by 319.4% during the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 198 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 4.6 %

AMD stock opened at $119.50 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $125.02 and a 200 day moving average of $140.59. Advanced Micro Devices, Inc. has a twelve month low of $112.80 and a twelve month high of $227.30. The firm has a market cap of $193.93 billion, a PE ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.65% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Susquehanna decreased their price target on shares of Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Melius Research restated a “hold” rating and set a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Barclays dropped their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.19.

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.