TFC Financial Management Inc. Decreases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

TFC Financial Management Inc. decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 40.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 301 shares of the semiconductor manufacturer’s stock after selling 204 shares during the quarter. TFC Financial Management Inc.’s holdings in Advanced Micro Devices were worth $36,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning boosted its holdings in shares of Advanced Micro Devices by 18.4% in the 3rd quarter. Creative Planning now owns 436,660 shares of the semiconductor manufacturer’s stock valued at $66,674,000 after buying an additional 67,973 shares in the last quarter. Swedbank AB increased its holdings in shares of Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after purchasing an additional 17,446 shares in the last quarter. Magnus Financial Group LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $216,000. Prospect Financial Services LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $234,000. Finally, Regatta Capital Group LLC increased its holdings in Advanced Micro Devices by 4.0% in the 3rd quarter. Regatta Capital Group LLC now owns 20,413 shares of the semiconductor manufacturer’s stock worth $3,349,000 after acquiring an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.6 %

Shares of AMD stock opened at $111.72 on Thursday. The firm has a 50-day moving average price of $122.17 and a 200 day moving average price of $139.31. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The company has a market capitalization of $181.04 billion, a price-to-earnings ratio of 112.85, a PEG ratio of 1.04 and a beta of 1.65. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the topic of several research reports. Mizuho reduced their price target on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Wedbush restated an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

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.