Los Angeles Capital Management LLC Sells 111,101 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Los Angeles Capital Management LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 93.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,419 shares of the semiconductor manufacturer’s stock after selling 111,101 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Advanced Micro Devices were worth $1,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Bedell Frazier Investment Counselling LLC increased its stake in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after purchasing an additional 74 shares during the last quarter. NCM Capital Management LLC increased its stake in shares of Advanced Micro Devices by 0.9% during the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after purchasing an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its stake in shares of Advanced Micro Devices by 15.2% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock worth $94,000 after purchasing an additional 76 shares during the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 5.4% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,533 shares of the semiconductor manufacturer’s stock worth $252,000 after purchasing an additional 78 shares during the last quarter. Finally, AM Investment Strategies LLC increased its stake in shares of Advanced Micro Devices by 4.0% during the 3rd quarter. AM Investment Strategies LLC now owns 2,080 shares of the semiconductor manufacturer’s stock worth $341,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. KeyCorp reduced their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $155.83.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 0.3 %

AMD opened at $99.81 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $98.69 and a 1-year high of $227.30. The company has a market capitalization of $161.74 billion, a PE ratio of 100.82, a PEG ratio of 1.11 and a beta of 1.65. The firm’s 50 day simple moving average is $116.94 and its two-hundred day simple moving average is $136.87.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results 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, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 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.