Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Reduced by Meridian Wealth Partners LLC

Meridian Wealth Partners LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,009 shares of the semiconductor manufacturer’s stock after selling 781 shares during the quarter. Meridian Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Shum Financial Group Inc. bought a new position in shares of Advanced Micro Devices in the third quarter valued at approximately $858,000. State Street Corp increased its position in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. Geode Capital Management LLC increased its position in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after acquiring an additional 441,924 shares during the period. Enzi Wealth bought a new position in Advanced Micro Devices during the fourth quarter worth $569,000. Finally, Welch Group LLC increased its position in Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after acquiring an additional 2,981 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Philip Guido purchased 4,645 shares of the 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 purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $106.44 on Friday. The stock has a market capitalization of $172.48 billion, a P/E ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $110.28 and a two-hundred day moving average price of $131.84.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMD shares. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their target price for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target 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.