HUB Investment Partners LLC Sells 500 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

HUB Investment Partners LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,881 shares of the semiconductor manufacturer’s stock after selling 500 shares during the period. HUB Investment Partners LLC’s holdings in Advanced Micro Devices were worth $2,401,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $29,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $32,000. Finally, IAG Wealth Partners LLC increased its holdings in Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased 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 trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. KeyCorp reduced their target price 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. 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. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

Advanced Micro Devices Stock Performance

AMD stock opened at $107.14 on Friday. 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 business has a 50-day moving average price of $110.47 and a 200 day moving average price of $132.17. The company has a market capitalization of $173.62 billion, a P/E ratio of 108.22, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.