West Branch Capital LLC Sells 1,733 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

West Branch Capital LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 86.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 267 shares of the semiconductor manufacturer’s stock after selling 1,733 shares during the period. West Branch Capital LLC’s holdings in Advanced Micro Devices were worth $39,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Activest Wealth Management bought a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $26,000. Peoples Bank KS acquired a new position in shares of Advanced Micro Devices during the third quarter worth $26,000. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $27,000. Castleview Partners LLC boosted its holdings in shares of Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 90 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new stake in Advanced Micro Devices during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.5 %

AMD opened at $180.49 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The firm has a market capitalization of $291.70 billion, a PE ratio of 347.10, a P/E/G ratio of 2.70 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company’s 50-day moving average is $181.50 and its 200 day moving average is $141.76.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same period in the previous year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 324,943 shares of company stock worth $59,919,994. 0.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup increased their target price on Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, January 31st. Truist Financial upped their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Morgan Stanley lifted their price target on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $181.82.

View Our Latest Report on AMD

Advanced Micro Devices Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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