Washington Trust Advisors Inc. Sells 113 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Washington Trust Advisors Inc. lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,183 shares of the semiconductor manufacturer’s stock after selling 113 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Advanced Micro Devices were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMD. Swedbank AB lifted its holdings in shares of Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after acquiring an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC lifted its holdings in shares of Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Advanced Micro Devices by 2.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 6,058 shares of the semiconductor manufacturer’s stock worth $994,000 after acquiring an additional 141 shares during the last quarter. Beacon Financial Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 6.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 1,769 shares of the semiconductor manufacturer’s stock worth $290,000 after acquiring an additional 103 shares during the last quarter. Finally, Maia Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 11.0% in the 3rd quarter. Maia Wealth LLC now owns 1,375 shares of the semiconductor manufacturer’s stock worth $211,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 2.8 %

AMD stock opened at $98.85 on Friday. The firm has a 50 day moving average of $114.89 and a 200 day moving average of $135.66. The stock has a market capitalization of $160.18 billion, a PE ratio of 99.85, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $95.89 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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 forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMD. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Mizuho reduced their price target on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. TD Cowen reduced their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Susquehanna reduced their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.83.

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.