Bank of Stockton Lowers Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bank of Stockton cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,699 shares of the semiconductor manufacturer’s stock after selling 127 shares during the quarter. Bank of Stockton’s holdings in Advanced Micro Devices were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AMD. Bradley Foster & Sargent Inc. CT boosted its holdings in Advanced Micro Devices by 1.7% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 7,465 shares of the semiconductor manufacturer’s stock valued at $902,000 after acquiring an additional 123 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings in Advanced Micro Devices by 35.6% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 2,667 shares of the semiconductor manufacturer’s stock valued at $322,000 after acquiring an additional 700 shares during the period. WP Advisors LLC boosted its holdings in Advanced Micro Devices by 18.4% during the 4th quarter. WP Advisors LLC now owns 7,637 shares of the semiconductor manufacturer’s stock valued at $922,000 after acquiring an additional 1,185 shares during the period. Centricity Wealth Management LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $44,000. Finally, Legacy Capital Group California Inc. purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $798,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. HSBC restated a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Susquehanna reduced their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Finally, DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $158.70.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade 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 company insiders.

Advanced Micro Devices Stock Down 0.5 %

Advanced Micro Devices stock opened at $114.17 on Friday. 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, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The company has a market cap of $185.01 billion, a PE ratio of 115.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The stock’s 50 day moving average price is $119.16 and its 200 day moving average price is $138.11.

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

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.