EP Wealth Advisors LLC Sells 214 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

EP Wealth Advisors LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 42,083 shares of the semiconductor manufacturer’s stock after selling 214 shares during the period. EP Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $6,203,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Spartan Planning & Wealth Management purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $27,000. Bare Financial Services Inc purchased a new stake in Advanced Micro Devices in the fourth quarter valued at about $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at about $29,000. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at about $29,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at about $30,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. KeyCorp decreased their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Roth Mkm decreased their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Mizuho reduced their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Citigroup reduced their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.16.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $0.27 during trading on Friday, reaching $159.63. The stock had a trading volume of 34,054,023 shares, compared to its average volume of 51,510,504. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The business has a fifty day moving average price of $159.73 and a 200-day moving average price of $162.39. The stock has a market cap of $258.01 billion, a PE ratio of 234.75, a PEG ratio of 1.85 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

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.