Cornercap Investment Counsel Inc. Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cornercap Investment Counsel Inc. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,707 shares of the semiconductor manufacturer’s stock after selling 429 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Advanced Micro Devices were worth $1,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $103.22 on Friday. The company has a 50-day simple moving average of $109.39 and a 200-day simple moving average of $130.90. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The stock has a market capitalization of $167.27 billion, a price-to-earnings ratio of 104.26, a PEG 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.

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

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. Loop Capital assumed coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective for the company. Roth Capital set a $140.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Friday, February 7th. Barclays lowered their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Benchmark reissued a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.72.

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.