Relyea Zuckerberg Hanson LLC Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Relyea Zuckerberg Hanson LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,064 shares of the semiconductor manufacturer’s stock after selling 113 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Advanced Micro Devices were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT increased its stake in shares of Advanced Micro Devices by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 6,729 shares of the semiconductor manufacturer’s stock worth $1,092,000 after purchasing an additional 141 shares during the last quarter. Argent Trust Co grew its holdings in Advanced Micro Devices by 0.9% during the second quarter. Argent Trust Co now owns 15,459 shares of the semiconductor manufacturer’s stock valued at $2,508,000 after purchasing an additional 134 shares during the period. Blair William & Co. IL increased its position in Advanced Micro Devices by 7.0% in the second quarter. Blair William & Co. IL now owns 237,556 shares of the semiconductor manufacturer’s stock worth $38,534,000 after buying an additional 15,475 shares during the last quarter. MRP Capital Investments LLC bought a new stake in shares of Advanced Micro Devices in the second quarter valued at $81,000. Finally, WCG Wealth Advisors LLC lifted its position in shares of Advanced Micro Devices by 19.3% during the 2nd quarter. WCG Wealth Advisors LLC now owns 28,301 shares of the semiconductor manufacturer’s stock valued at $4,591,000 after buying an additional 4,587 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AMD. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Finally, The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $178.61.

Advanced Micro Devices Trading Up 2.4 %

Shares of NASDAQ:AMD traded up $2.80 during trading on Friday, reaching $121.24. 7,896,401 shares of the company traded hands, compared to its average volume of 37,565,219. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week high of $227.30. The firm has a market capitalization of $196.75 billion, a price-to-earnings ratio of 109.46, a P/E/G ratio of 1.03 and a beta of 1.66. The business’s fifty day moving average is $131.09 and its 200-day moving average is $145.76.

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