Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 6,255 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.8% in the fourth quarter, HoldingsChannel reports. The fund owned 17,060 shares of the semiconductor manufacturer’s stock after selling 6,255 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Advanced Micro Devices were worth $2,515,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. N.E.W. Advisory Services LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $254,000. Peregrine Asset Advisers Inc. increased its stake in shares of Advanced Micro Devices by 354.3% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 17,231 shares of the semiconductor manufacturer’s stock worth $2,540,000 after buying an additional 13,438 shares during the period. Apollon Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 86.3% in the fourth quarter. Apollon Wealth Management LLC now owns 57,424 shares of the semiconductor manufacturer’s stock worth $8,465,000 after buying an additional 26,602 shares during the period. Fielder Capital Group LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at $932,000. Finally, Maryland State Retirement & Pension System increased its position in Advanced Micro Devices by 1.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 124,794 shares of the semiconductor manufacturer’s stock valued at $18,396,000 after purchasing an additional 1,328 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 0.9 %

Shares of AMD traded down $1.35 during mid-day trading on Tuesday, hitting $154.43. 37,302,953 shares of the company traded hands, compared to its average volume of 71,253,945. Advanced Micro Devices, Inc. has a 1-year low of $89.17 and a 1-year high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $249.61 billion, a PE ratio of 227.11, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. The business has a 50 day moving average of $174.53 and a 200 day moving average of $153.23.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on AMD shares. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Truist Financial reduced their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research report on Wednesday, January 31st. Evercore ISI reduced their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, Cantor Fitzgerald dropped their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $183.94.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock worth $34,637,833 over the last quarter. Insiders own 0.65% of the company’s stock.

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.