Whittier Trust Co. of Nevada Inc. Lowers Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Whittier Trust Co. of Nevada Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 80.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,747 shares of the semiconductor manufacturer’s stock after selling 53,569 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Advanced Micro Devices were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Holderness Investments Co. raised its stake in shares of Advanced Micro Devices by 11.9% during the fourth quarter. Holderness Investments Co. now owns 8,830 shares of the semiconductor manufacturer’s stock worth $1,067,000 after acquiring an additional 938 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $740,000. Magnetar Financial LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $4,891,000. Sandy Spring Bank increased its stake in shares of Advanced Micro Devices by 9.3% in the fourth quarter. Sandy Spring Bank now owns 7,424 shares of the semiconductor manufacturer’s stock worth $897,000 after buying an additional 630 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in shares of Advanced Micro Devices by 1.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 723,828 shares of the semiconductor manufacturer’s stock worth $87,431,000 after buying an additional 13,102 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on AMD shares. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. KeyCorp decreased their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus cut their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value 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. This represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $106.44 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $187.28. The firm has a market cap of $172.48 billion, a price-to-earnings ratio of 107.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The business has a 50-day simple moving average of $110.28 and a two-hundred day simple moving average of $131.84.

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

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.