Pathstone Holdings LLC Has $18.22 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pathstone Holdings LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 150,859 shares of the semiconductor manufacturer's stock after selling 8,787 shares during the quarter. Pathstone Holdings LLC's holdings in Advanced Micro Devices were worth $18,224,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. KeyCorp lowered shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Bank of America upped their target price on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company decreased their price target on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $131.45.

Advanced Micro Devices Stock Up 4.7%

AMD stock opened at $117.72 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market capitalization of $190.87 billion, a P/E ratio of 118.91, a P/E/G ratio of 1.11 and a beta of 1.97. The business has a 50-day moving average of $98.16 and a 200-day moving average of $115.79. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The firm's revenue was up 35.9% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has initiated a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

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

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