Dorsey & Whitney Trust CO LLC Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Dorsey & Whitney Trust CO LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,931 shares of the semiconductor manufacturer’s stock after selling 1,553 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Advanced Micro Devices were worth $3,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several recent analyst reports. KeyCorp decreased 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 report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.83.

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Up 1.5 %

NASDAQ AMD opened at $100.31 on Friday. The stock has a market capitalization of $162.55 billion, a P/E ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52-week low of $95.89 and a 52-week high of $227.30. The firm has a 50-day moving average price of $114.39 and a 200 day moving average price of $135.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.