Creekmur Asset Management LLC Sells 882 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Creekmur Asset Management LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,255 shares of the semiconductor manufacturer’s stock after selling 882 shares during the period. Creekmur Asset Management LLC’s holdings in Advanced Micro Devices were worth $635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $32,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction 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 represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Stifel Nicolaus lowered 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 research report on Wednesday, February 5th. Benchmark restated a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. KeyCorp dropped their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Susquehanna lowered their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.72.

Advanced Micro Devices Stock Up 0.0 %

AMD opened at $102.78 on Wednesday. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $187.28. The company’s 50-day moving average is $108.62 and its 200 day moving average is $130.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $166.55 billion, a P/E ratio of 103.82, a PEG ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results 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 return on equity of 7.42% and a net margin of 6.36%. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal 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.