1858 Wealth Management LLC Sells 1,392 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

1858 Wealth Management LLC lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,813 shares of the semiconductor manufacturer’s stock after selling 1,392 shares during the quarter. 1858 Wealth Management LLC’s holdings in Advanced Micro Devices were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Creative Capital Management Investments LLC boosted its holdings in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares during the period. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the 4th quarter worth $26,000. FSA Wealth Management LLC bought a new stake in Advanced Micro Devices during the third quarter valued at about $41,000. Coston McIsaac & Partners grew its position in shares of Advanced Micro Devices by 319.4% in the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after purchasing an additional 198 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Mizuho dropped their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Susquehanna reduced their price target on shares of Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, Loop Capital initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $169.35.

Advanced Micro Devices Stock Up 4.6 %

Shares of NASDAQ AMD opened at $119.50 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $112.80 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The business has a fifty day moving average of $125.38 and a two-hundred day moving average of $140.81. The stock has a market cap of $193.93 billion, a PE ratio of 107.66, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results 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 return on equity of 6.62% and a net margin of 7.52%. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is currently owned by corporate insiders.

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.