Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,167 shares of the semiconductor manufacturer’s stock after selling 461 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Advanced Micro Devices were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AMD. CRA Financial Services LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $213,000. Annex Advisory Services LLC raised its holdings in Advanced Micro Devices by 15.7% in the third quarter. Annex Advisory Services LLC now owns 1,705 shares of the semiconductor manufacturer’s stock valued at $280,000 after acquiring an additional 231 shares in the last quarter. Retirement Planning Group LLC boosted its stake in Advanced Micro Devices by 8.3% during the 3rd quarter. Retirement Planning Group LLC now owns 3,889 shares of the semiconductor manufacturer’s stock valued at $638,000 after acquiring an additional 297 shares during the last quarter. Carnegie Investment Counsel grew its holdings in Advanced Micro Devices by 28.4% during the 3rd quarter. Carnegie Investment Counsel now owns 40,169 shares of the semiconductor manufacturer’s stock worth $6,591,000 after acquiring an additional 8,885 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its position in shares of Advanced Micro Devices by 51.2% in the 3rd quarter. CHICAGO TRUST Co NA now owns 2,949 shares of the semiconductor manufacturer’s stock worth $484,000 after purchasing an additional 998 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMD. Stifel Nicolaus reduced their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Melius Research reaffirmed a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $107.56 on Monday. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The firm has a market capitalization of $174.30 billion, a PE ratio of 108.65, a P/E/G ratio of 1.04 and a beta of 1.65. The company’s 50 day simple moving average is $123.42 and its 200 day simple moving average is $139.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Company 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.