Clifford Swan Investment Counsel LLC Sells 515 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Clifford Swan Investment Counsel LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,407 shares of the semiconductor manufacturer’s stock after selling 515 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Advanced Micro Devices were worth $774,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Bailard Inc. increased its position in Advanced Micro Devices by 3.2% during the fourth quarter. Bailard Inc. now owns 90,813 shares of the semiconductor manufacturer’s stock worth $10,969,000 after acquiring an additional 2,822 shares during the period. Smartleaf Asset Management LLC increased its position in Advanced Micro Devices by 5.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 12,768 shares of the semiconductor manufacturer’s stock worth $1,563,000 after acquiring an additional 679 shares during the period. Wilmar Advisors LLC bought a new position in Advanced Micro Devices during the fourth quarter worth $2,899,000. Heritage Wealth Management Inc. increased its position in Advanced Micro Devices by 1.5% during the fourth quarter. Heritage Wealth Management Inc. now owns 8,604 shares of the semiconductor manufacturer’s stock worth $1,039,000 after acquiring an additional 131 shares during the period. Finally, Onefund LLC increased its position in Advanced Micro Devices by 3.1% during the fourth quarter. Onefund LLC now owns 4,383 shares of the semiconductor manufacturer’s stock worth $529,000 after acquiring an additional 133 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.3 %

Shares of NASDAQ AMD opened at $99.81 on Monday. The company has a market cap of $161.74 billion, a price-to-earnings ratio of 100.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a 12-month low of $98.69 and a 12-month high of $227.30. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $116.94 and its 200 day simple moving average is $136.84.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 return on equity of 7.42% and a net margin of 6.36%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMD shares. Bank of America decreased their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. UBS Group set a $175.00 price target 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. Susquehanna decreased their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. 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 issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were 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 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 disclosure for this sale can be found here. Company insiders own 0.73% 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.