Verdence Capital Advisors LLC Sells 291 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Verdence Capital Advisors LLC trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 10,929 shares of the semiconductor manufacturer’s stock after selling 291 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $1,320,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $32,000. Finally, Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $39,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMD shares. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Mizuho dropped their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Trading Up 0.9 %

NASDAQ AMD opened at $101.67 on Thursday. The business has a 50 day simple moving average of $115.41 and a 200 day simple moving average of $135.92. Advanced Micro Devices, Inc. has a one year low of $95.89 and a one year high of $227.30. The stock has a market capitalization of $164.75 billion, a P/E ratio of 102.70, a P/E/G ratio of 1.11 and a beta of 1.65. 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) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by insiders.

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.