Bluesphere Advisors LLC Cuts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bluesphere Advisors LLC cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,091 shares of the semiconductor manufacturer’s stock after selling 1,061 shares during the quarter. Bluesphere Advisors LLC’s holdings in Advanced Micro Devices were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Journey Strategic Wealth LLC boosted its holdings in Advanced Micro Devices by 23.2% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,021 shares of the semiconductor manufacturer’s stock valued at $1,090,000 after acquiring an additional 1,701 shares during the last quarter. Osborne Partners Capital Management LLC boosted its position in Advanced Micro Devices by 5.0% during the 4th quarter. Osborne Partners Capital Management LLC now owns 96,265 shares of the semiconductor manufacturer’s stock valued at $11,628,000 after purchasing an additional 4,543 shares during the period. Richardson Financial Services Inc. raised its position in shares of Advanced Micro Devices by 61.4% during the fourth quarter. Richardson Financial Services Inc. now owns 912 shares of the semiconductor manufacturer’s stock worth $112,000 after purchasing an additional 347 shares during the period. SYM FINANCIAL Corp acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $695,000. Finally, CIBC Capital Markets Europe S.A. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at $5,193,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMD shares. Melius Research reaffirmed a “hold” rating and set a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Susquehanna lowered their price objective on shares of Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a research report on Wednesday. Morgan Stanley reduced their price objective on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. TD Cowen dropped their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Mizuho lowered their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.77.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last quarter. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 2.4 %

Advanced Micro Devices stock opened at $115.95 on Friday. The company has a market capitalization of $188.16 billion, a price-to-earnings ratio of 104.46, a PEG ratio of 1.04 and a beta of 1.66. The company’s fifty day moving average price is $125.92 and its two-hundred day moving average price is $141.49. Advanced Micro Devices, Inc. has a one year low of $112.80 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

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.