Sienna Gestion Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sienna Gestion trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 54.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,048 shares of the semiconductor manufacturer’s stock after selling 64,681 shares during the period. Sienna Gestion’s holdings in Advanced Micro Devices were worth $6,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AMD. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $32,000. Finally, IAG Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 118 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMD. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Benchmark restated a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. TD Cowen decreased their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Susquehanna reduced their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Stock Down 2.7 %

Shares of AMD opened at $98.11 on Friday. The company’s 50-day moving average price is $112.54 and its 200 day moving average price is $133.69. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $196.93. 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 firm has a market cap of $158.99 billion, a P/E ratio of 99.10, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices 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.