Physician Wealth Advisors Inc. Reduces Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Physician Wealth Advisors Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,199 shares of the semiconductor manufacturer’s stock after selling 916 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Advanced Micro Devices were worth $386,000 at the end of the most recent reporting period.

A number of other hedge funds 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 fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in Advanced Micro Devices in the 3rd quarter valued at $41,000. Finally, Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price 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 of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 3.2 %

Shares of Advanced Micro Devices stock opened at $103.22 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 $94.73 and a 1-year high of $187.28. The business has a 50-day moving average of $109.39 and a 200-day moving average of $130.82. The company has a market capitalization of $167.27 billion, a PE ratio of 104.26, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. Bank of America lowered their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Benchmark restated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Melius Research reiterated a “hold” rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.72.

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.