Close Asset Management Ltd Trims Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Close Asset Management Ltd decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,498 shares of the semiconductor manufacturer’s stock after selling 5,498 shares during the period. Close Asset Management Ltd’s holdings in Advanced Micro Devices were worth $664,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Creative Capital Management Investments LLC raised its position in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the fourth quarter worth $26,000. Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $32,000. FSA Wealth Management LLC purchased a new position in Advanced Micro Devices during the third quarter valued at $41,000. Finally, Coston McIsaac & Partners boosted its holdings in shares of Advanced Micro Devices by 319.4% during the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after buying an additional 198 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $107.56 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The firm has a market capitalization of $174.55 billion, a price-to-earnings ratio of 96.90, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $124.01 and a 200 day moving average of $140.18.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent research reports. Benchmark lowered their price target on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. KeyCorp dropped their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Friday. Finally, Loop Capital initiated coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

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.