Fortitude Family Office LLC Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fortitude Family Office LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,563 shares of the semiconductor manufacturer’s stock after selling 112 shares during the period. Fortitude Family Office LLC’s holdings in Advanced Micro Devices were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Watts Gwilliam & Co. LLC lifted its holdings in Advanced Micro Devices by 151.6% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer’s stock valued at $2,455,000 after purchasing an additional 11,616 shares in the last quarter. Park National Corp OH raised its position in shares of Advanced Micro Devices by 87.1% in the fourth quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer’s stock valued at $324,000 after buying an additional 1,249 shares during the last quarter. Norway Savings Bank raised its position in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Norway Savings Bank now owns 12,612 shares of the semiconductor manufacturer’s stock valued at $1,523,000 after buying an additional 358 shares during the last quarter. Bank of New Hampshire lifted its stake in shares of Advanced Micro Devices by 1.5% in the fourth quarter. Bank of New Hampshire now owns 9,802 shares of the semiconductor manufacturer’s stock worth $1,184,000 after buying an additional 148 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its position in Advanced Micro Devices by 72.5% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 5,712 shares of the semiconductor manufacturer’s stock worth $690,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, 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 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AMD. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Evercore ISI upped their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday. Finally, TD Cowen lowered their price target on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.85.

Advanced Micro Devices Trading Down 4.3 %

NASDAQ AMD opened at $121.84 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $117.90 and a 52 week high of $227.30. The firm has a 50 day moving average of $133.09 and a two-hundred day moving average of $147.05. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $197.72 billion, a PE ratio of 109.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

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

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.