Cornerstone Advisors LLC Sells 300 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cornerstone Advisors LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,100 shares of the semiconductor manufacturer’s stock after selling 300 shares during the quarter. Cornerstone Advisors LLC’s holdings in Advanced Micro Devices were worth $8,467,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Citizens Financial Group Inc. RI increased its holdings in shares of Advanced Micro Devices by 10.0% in the fourth quarter. Citizens Financial Group Inc. RI now owns 17,544 shares of the semiconductor manufacturer’s stock valued at $2,119,000 after purchasing an additional 1,590 shares during the period. Riverbend Wealth Management LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $505,000. Clare Market Investments LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $525,000. Independent Advisor Alliance lifted its position in shares of Advanced Micro Devices by 1.4% in the fourth quarter. Independent Advisor Alliance now owns 305,454 shares of the semiconductor manufacturer’s stock valued at $36,896,000 after acquiring an additional 4,069 shares in the last quarter. Finally, Gallagher Capital Advisors LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $217,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost 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. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 3.7 %

Advanced Micro Devices stock opened at $96.63 on Tuesday. The firm has a fifty day moving average price of $113.87 and a two-hundred day moving average price of $134.58. The firm has a market cap of $156.59 billion, a price-to-earnings ratio of 97.61, a P/E/G ratio of 1.11 and a beta of 1.74. 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, Inc. has a fifty-two week low of $95.83 and a fifty-two week high of $203.55.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Argus set a $160.00 target price on Advanced Micro Devices in a research report on Thursday, February 6th. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Mizuho dropped their price target on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $155.83.

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.