D Orazio & Associates Inc. Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

D Orazio & Associates Inc. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,221 shares of the semiconductor manufacturer’s stock after selling 355 shares during the quarter. D Orazio & Associates Inc.’s holdings in Advanced Micro Devices were worth $268,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Marcum Wealth LLC grew its position in Advanced Micro Devices by 9.8% during the 3rd quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock worth $565,000 after purchasing an additional 307 shares during the last quarter. Cypress Wealth Services LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at $210,000. UMB Bank n.a. increased its position in shares of Advanced Micro Devices by 3.2% in the 3rd quarter. UMB Bank n.a. now owns 15,874 shares of the semiconductor manufacturer’s stock valued at $2,605,000 after acquiring an additional 490 shares during the period. Pinnacle Bancorp Inc. increased its position in shares of Advanced Micro Devices by 27.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 745 shares of the semiconductor manufacturer’s stock valued at $122,000 after acquiring an additional 159 shares during the period. Finally, Private Advisory Group LLC lifted its position in Advanced Micro Devices by 25.9% during the 3rd quarter. Private Advisory Group LLC now owns 72,289 shares of the semiconductor manufacturer’s stock worth $11,861,000 after acquiring an additional 14,854 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 2.4 %

AMD stock opened at $107.56 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The business’s 50-day moving average is $124.01 and its 200 day moving average is $140.18. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market cap of $174.55 billion, a price-to-earnings ratio of 96.90, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued 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, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMD shares. Benchmark cut their price objective on Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Finally, Susquehanna decreased their target price 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $158.70.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by corporate insiders.

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.