Knights of Columbus Asset Advisors LLC Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Knights of Columbus Asset Advisors LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 55.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,951 shares of the semiconductor manufacturer’s stock after selling 12,218 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Advanced Micro Devices were worth $1,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $32,000. Finally, IAG Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 118 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the business’s 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 of the company’s stock, valued at approximately $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 the SEC website. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 0.7 %

NASDAQ:AMD opened at $106.44 on Friday. The firm has a market capitalization of $172.48 billion, a price-to-earnings ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $110.28 and its 200 day moving average price is $131.84.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly 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%. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMD. KeyCorp lowered their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $155.14.

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.