Courier Capital LLC Has $1.31 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Courier Capital LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,811 shares of the semiconductor manufacturer’s stock after selling 4,141 shares during the period. Courier Capital LLC’s holdings in Advanced Micro Devices were worth $1,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMD. WINTON GROUP Ltd acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $1,726,000. Rathbones Group PLC lifted its holdings in Advanced Micro Devices by 20.6% during the 2nd quarter. Rathbones Group PLC now owns 23,036 shares of the semiconductor manufacturer’s stock valued at $3,737,000 after purchasing an additional 3,929 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in Advanced Micro Devices in the second quarter valued at about $986,000. Greenwich Wealth Management LLC grew its stake in Advanced Micro Devices by 29.7% during the second quarter. Greenwich Wealth Management LLC now owns 1,455 shares of the semiconductor manufacturer’s stock worth $236,000 after buying an additional 333 shares during the last quarter. Finally, Valley Forge Investment Consultants Inc. ADV acquired a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $211,000. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,036 shares of company stock worth $28,165,821. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 1.1 %

Shares of NASDAQ:AMD opened at $117.32 on Tuesday. The firm has a market cap of $190.39 billion, a price-to-earnings ratio of 105.69, a PEG ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The company’s fifty day simple moving average is $132.11 and its 200 day simple moving average is $146.27. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley decreased their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Mizuho dropped their target price on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday. Barclays lowered their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Benchmark restated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.44.

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.