HM Payson & Co. Has $558,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

HM Payson & Co. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,619 shares of the semiconductor manufacturer’s stock after selling 195 shares during the quarter. HM Payson & Co.’s holdings in Advanced Micro Devices were worth $558,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $8,958,000. Banco Santander S.A. grew its holdings in shares of Advanced Micro Devices by 16.7% during the fourth quarter. Banco Santander S.A. now owns 103,257 shares of the semiconductor manufacturer’s stock valued at $12,472,000 after buying an additional 14,743 shares during the last quarter. Machina Capital S.A.S. acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $1,134,000. Oak Hill Wealth Advisors LLC grew its holdings in shares of Advanced Micro Devices by 200.0% during the fourth quarter. Oak Hill Wealth Advisors LLC now owns 2,730 shares of the semiconductor manufacturer’s stock valued at $330,000 after buying an additional 5,460 shares during the last quarter. Finally, Andra AP fonden acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $1,583,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $100.31 on Friday. The company’s 50 day moving average is $114.39 and its 200-day moving average is $135.13. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $162.55 billion, a P/E ratio of 101.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 12-month low of $95.89 and a 12-month high of $227.30.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMD. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target on the stock. Benchmark restated a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Melius Research restated a “hold” rating and set a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $155.83.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by 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.