Darden Wealth Group Inc Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Darden Wealth Group Inc decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,579 shares of the semiconductor manufacturer’s stock after selling 1,997 shares during the quarter. Advanced Micro Devices comprises approximately 0.9% of Darden Wealth Group Inc’s portfolio, making the stock its 24th largest position. Darden Wealth Group Inc’s holdings in Advanced Micro Devices were worth $1,278,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMD. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 8.6 %

Shares of AMD stock opened at $85.76 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $83.67 and a 1 year high of $187.28. 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’s fifty day moving average is $106.88 and its 200-day moving average is $128.94. The stock has a market cap of $138.61 billion, a PE ratio of 86.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88.

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

Analyst Ratings Changes

Several research firms recently issued reports on AMD. Barclays cut their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus decreased their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $120.00 in a report on Thursday, March 27th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.72.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.65% of the company’s stock.

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.