Corient Private Wealth LLC Lowers Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Corient Private Wealth LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 458,380 shares of the semiconductor manufacturer’s stock after selling 24,316 shares during the period. Corient Private Wealth LLC’s holdings in Advanced Micro Devices were worth $54,257,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $32,000. Finally, IAG Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 118 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $100.97 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market capitalization of $163.62 billion, a price-to-earnings ratio of 101.99, a PEG ratio of 1.11 and a beta of 1.74. The firm has a 50 day moving average price of $112.05 and a 200-day moving average price of $133.14. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $193.50.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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 net margin of 6.36% and a return on equity of 7.42%. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMD. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Bank of America decreased their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.14.

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.