GAMMA Investing LLC Reduces Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GAMMA Investing LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,470 shares of the semiconductor manufacturer’s stock after selling 2,279 shares during the quarter. GAMMA Investing LLC’s holdings in Advanced Micro Devices were worth $1,989,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Creative Capital Management Investments LLC raised its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the period. ZRC Wealth Management LLC increased its stake in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the fourth quarter worth $26,000. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices in the second quarter valued at $27,000. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 101.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. Bank of America downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. UBS Group dropped their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, Evercore ISI boosted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $191.96.

Advanced Micro Devices Stock Down 0.1 %

Advanced Micro Devices stock opened at $120.63 on Friday. The stock has a market cap of $195.76 billion, a PE ratio of 108.68, a P/E/G ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock’s fifty day moving average is $136.07 and its two-hundred day moving average is $148.19. Advanced Micro Devices, Inc. has a 1-year low of $117.90 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,036 shares of company stock worth $28,165,821. Corporate insiders own 0.65% of the company’s stock.

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.