Berkeley Capital Partners LLC Sells 231 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Berkeley Capital Partners LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,601 shares of the semiconductor manufacturer’s stock after selling 231 shares during the period. Berkeley Capital Partners LLC’s holdings in Advanced Micro Devices were worth $314,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $4,891,000. Sandy Spring Bank raised its holdings in shares of Advanced Micro Devices by 9.3% in the 4th quarter. Sandy Spring Bank now owns 7,424 shares of the semiconductor manufacturer’s stock worth $897,000 after purchasing an additional 630 shares during the period. Royal London Asset Management Ltd. lifted its stake in Advanced Micro Devices by 1.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 723,828 shares of the semiconductor manufacturer’s stock valued at $87,431,000 after purchasing an additional 13,102 shares during the last quarter. First Financial Bankshares Inc grew its holdings in Advanced Micro Devices by 0.5% during the fourth quarter. First Financial Bankshares Inc now owns 86,445 shares of the semiconductor manufacturer’s stock valued at $10,442,000 after purchasing an additional 464 shares during the period. Finally, Generali Investments Management Co LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth $1,647,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction that occurred 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 directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $107.14 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.69. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $110.47 and its 200 day moving average is $132.17. The stock has a market cap of $173.62 billion, a price-to-earnings ratio of 108.22, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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%. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. HSBC reaffirmed a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Mizuho dropped their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Finally, Bank of America reduced their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $155.14.

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.