Courier Capital LLC Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Courier Capital LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,169 shares of the semiconductor manufacturer’s stock after selling 1,643 shares during the quarter. Courier Capital LLC’s holdings in Advanced Micro Devices were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Castleview Partners LLC lifted its stake in Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares during the period. Peoples Bank KS purchased a new position in Advanced Micro Devices during the 3rd quarter worth $26,000. Activest Wealth Management acquired a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $27,000. Finally, Founders Capital Management lifted its position in Advanced Micro Devices by 104.2% during the 4th quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock worth $43,000 after acquiring an additional 150 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 0.2 %

AMD traded down $0.29 on Wednesday, hitting $177.58. 29,914,029 shares of the company were exchanged, compared to its average volume of 77,850,414. The firm has a 50-day moving average price of $180.25 and a two-hundred day moving average price of $140.19. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a market cap of $284.13 billion, a price-to-earnings ratio of 341.01, a price-to-earnings-growth ratio of 2.69 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Wednesday, January 24th. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Monday, January 8th. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, January 31st. Susquehanna upped their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a “positive” rating in a research note on Monday, January 29th. Finally, Citigroup raised their target price on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.82.

Insider Activity

In other news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated 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 owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,943 shares of company stock worth $59,919,994. Corporate insiders own 0.73% of the company’s stock.

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.