Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,776 shares of the semiconductor manufacturer's stock after selling 6,579 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Advanced Micro Devices were worth $5,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $25,000. Greenline Partners LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on AMD shares. Wolfe Research downgraded shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price target for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. StockNews.com upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday. TD Cowen upped their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Bank of America increased their price objective on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.45.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Up 4.7%

NASDAQ:AMD traded up $5.26 during midday trading on Wednesday, hitting $117.72. 86,490,333 shares of the company were exchanged, compared to its average volume of 42,912,874. The company has a fifty day simple moving average of $97.81 and a 200 day simple moving average of $115.78. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $190.87 billion, a PE ratio of 118.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.