Curi RMB Capital LLC Has $6.93 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Curi RMB Capital LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 52.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,390 shares of the semiconductor manufacturer’s stock after selling 64,241 shares during the quarter. Curi RMB Capital LLC’s holdings in Advanced Micro Devices were worth $6,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices during the 4th quarter worth $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $32,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMD. HSBC restated a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Mizuho lowered their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Finally, Susquehanna reduced their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $144.90.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Trading Down 0.9 %

Shares of AMD opened at $87.50 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a market capitalization of $141.42 billion, a P/E ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The firm’s 50 day simple moving average is $100.93 and its 200 day simple moving average is $123.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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 net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share 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.