Atria Investments Inc Decreases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Atria Investments Inc reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,027 shares of the semiconductor manufacturer’s stock after selling 9,086 shares during the quarter. Atria Investments Inc’s holdings in Advanced Micro Devices were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Abbot Financial Management Inc. grew its position in shares of Advanced Micro Devices by 27.4% in the fourth quarter. Abbot Financial Management Inc. now owns 5,815 shares of the semiconductor manufacturer’s stock valued at $702,000 after purchasing an additional 1,250 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $326,000. Cypress Capital Group grew its position in shares of Advanced Micro Devices by 58.9% in the fourth quarter. Cypress Capital Group now owns 16,489 shares of the semiconductor manufacturer’s stock valued at $1,992,000 after purchasing an additional 6,109 shares in the last quarter. Keybank National Association OH grew its position in shares of Advanced Micro Devices by 3.4% in the fourth quarter. Keybank National Association OH now owns 65,226 shares of the semiconductor manufacturer’s stock valued at $7,879,000 after purchasing an additional 2,173 shares in the last quarter. Finally, Ring Mountain Capital LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $1,022,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 1.5 %

AMD opened at $100.31 on Friday. The business has a 50 day simple moving average of $114.39 and a two-hundred day simple moving average of $135.13. The firm has a market capitalization of $162.55 billion, a price-to-earnings ratio of 101.32, a PEG ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a one year low of $95.89 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. 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. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to 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 other news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was 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 link. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices 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.