Angeles Investment Advisors LLC Sells 153 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Angeles Investment Advisors LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.7% during the fourth quarter, Holdings Channel reports. The firm owned 2,140 shares of the semiconductor manufacturer’s stock after selling 153 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $258,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of AMD. Bedell Frazier Investment Counselling LLC grew its stake in Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after buying an additional 74 shares during the last quarter. NCM Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 0.9% during the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after acquiring an additional 75 shares during the period. Pin Oak Investment Advisors Inc. grew its position in shares of Advanced Micro Devices by 15.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after purchasing an additional 76 shares during the last quarter. Northeast Financial Consultants Inc increased its stake in shares of Advanced Micro Devices by 2.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock worth $479,000 after purchasing an additional 81 shares during the period. Finally, Abel Hall LLC lifted its holdings in Advanced Micro Devices by 4.6% during the 3rd quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock worth $304,000 after purchasing an additional 82 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America lowered their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Susquehanna lowered their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. TD Cowen decreased 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 research report on Monday, January 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Down 0.7 %

Shares of NASDAQ:AMD opened at $106.44 on Monday. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $187.28. The company has a market capitalization of $172.48 billion, a PE 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 company has a fifty day moving average of $110.28 and a 200-day moving average of $131.78.

Advanced Micro Devices (NASDAQ:AMD) last issued 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%. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.