Assetmark Inc. Sells 20,101 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Assetmark Inc. decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.3% in the 4th quarter, Holdings Channel reports. The fund owned 221,953 shares of the semiconductor manufacturer’s stock after selling 20,101 shares during the quarter. Assetmark Inc.’s holdings in Advanced Micro Devices were worth $26,810,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMD. Abbot Financial Management Inc. boosted its holdings in Advanced Micro Devices by 27.4% during the fourth quarter. Abbot Financial Management Inc. now owns 5,815 shares of the semiconductor manufacturer’s stock worth $702,000 after purchasing an additional 1,250 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $326,000. Cypress Capital Group lifted its stake in Advanced Micro Devices by 58.9% in the fourth quarter. Cypress Capital Group now owns 16,489 shares of the semiconductor manufacturer’s stock valued at $1,992,000 after acquiring an additional 6,109 shares during the last quarter. Keybank National Association OH lifted its stake in shares of Advanced Micro Devices by 3.4% during the 4th quarter. Keybank National Association OH now owns 65,226 shares of the semiconductor manufacturer’s stock worth $7,879,000 after buying an additional 2,173 shares during the last quarter. Finally, Ring Mountain Capital LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $1,022,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $101.67 on Thursday. The firm has a market capitalization of $164.75 billion, a P/E ratio of 102.70, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a fifty day moving average of $115.41 and a 200-day moving average of $135.92. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $95.89 and a twelve month high of $227.30.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Stifel Nicolaus decreased their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, Loop Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company 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.