West Family Investments Inc. Sells 752 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

West Family Investments Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,359 shares of the semiconductor manufacturer’s stock after selling 752 shares during the quarter. West Family Investments Inc.’s holdings in Advanced Micro Devices were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AMD. Swedbank AB boosted its position in shares of Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after acquiring an additional 17,446 shares during the period. Howard Capital Management Group LLC boosted its position in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares during the period. Avidian Wealth Enterprises LLC lifted its position in Advanced Micro Devices by 2.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 6,058 shares of the semiconductor manufacturer’s stock worth $994,000 after purchasing an additional 141 shares during the period. Beacon Financial Advisory LLC lifted its position in Advanced Micro Devices by 6.2% in the third quarter. Beacon Financial Advisory LLC now owns 1,769 shares of the semiconductor manufacturer’s stock worth $290,000 after purchasing an additional 103 shares during the period. Finally, Maia Wealth LLC lifted its position in Advanced Micro Devices by 11.0% in the third quarter. Maia Wealth LLC now owns 1,375 shares of the semiconductor manufacturer’s stock worth $211,000 after purchasing an additional 136 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. TD Cowen reduced their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. KeyCorp reduced their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Truist Financial set a $130.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 2.8 %

NASDAQ AMD opened at $98.85 on Friday. The stock has a market capitalization of $160.18 billion, a price-to-earnings ratio of 99.85, a PEG ratio of 1.11 and a beta of 1.65. The stock’s 50 day moving average price is $114.89 and its two-hundred day moving average price is $135.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 52 week low of $95.89 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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.