Steward Partners Investment Advisory LLC Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Steward Partners Investment Advisory LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,863 shares of the semiconductor manufacturer’s stock after selling 13,618 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Advanced Micro Devices were worth $25,470,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bedell Frazier Investment Counselling LLC increased its position in shares of Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares during the last quarter. NCM Capital Management LLC increased its position 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 valued at $1,420,000 after acquiring an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of Advanced Micro Devices by 15.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after acquiring an additional 76 shares during the last quarter. Arlington Capital Management Inc. increased its position in shares of Advanced Micro Devices by 2.6% during the third quarter. Arlington Capital Management Inc. now owns 3,106 shares of the semiconductor manufacturer’s stock valued at $510,000 after acquiring an additional 80 shares during the last quarter. Finally, Bank of Marin increased its position in shares of Advanced Micro Devices by 1.3% during the third quarter. Bank of Marin now owns 6,007 shares of the semiconductor manufacturer’s stock valued at $986,000 after acquiring an additional 80 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 1.6 %

AMD stock opened at $98.23 on Tuesday. The company has a fifty day moving average price of $116.41 and a 200 day moving average price of $136.49. Advanced Micro Devices, Inc. has a 12 month low of $97.09 and a 12 month high of $227.30. The company has a market cap of $159.18 billion, a price-to-earnings ratio of 99.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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 (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a 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. Bank of America dropped their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. Finally, Susquehanna dropped their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

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.