Whittier Trust Co. of Nevada Inc. Reduces Stake in Advanced Micro Devices, Inc.

Whittier Trust Co. of Nevada Inc. has significantly reduced its investment in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 80.8% during the fourth quarter. This information was disclosed in the company's latest Form 13F filed with the Securities and Exchange Commission (SEC). Following the sale of 53,569 shares, Whittier Trust now holds a total of 12,747 shares in the semiconductor company.

As per the recent filing, the value of Whittier Trust Co.'s holdings in Advanced Micro Devices stands at approximately $1,540,000.

Advanced Micro Devices updates:

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Numerous other institutional investors and hedge funds have also been active in the market for AMD shares. For instance, Holderness Investments Co. raised its stake in AMD by 11.9% during the fourth quarter, currently owning 8,830 shares valued at about $1,067,000 after an additional acquisition of 938 shares. Blueshift Asset Management LLC invested in AMD for the first time this quarter, with an estimated position worth around $740,000. Magnetar Financial LLC also made a notable new investment in the fourth quarter, worth about $4,891,000. Furthermore, Sandy Spring Bank has increased its stake in AMD by 9.3%, now holding 7,424 shares worth around $897,000 after acquiring 630 additional shares. Lastly, Royal London Asset Management Ltd. raised its stake by 1.8%, now owning 723,828 shares valued at approximately $87,431,000. Collectively, hedge funds and other institutional investors own 71.34% of Advanced Micro Devices' stock.

Analyst Rating Changes

Recently, various research analysts have shared their views on AMD. Summit Insights upgraded AMD shares to a "hold" rating on February 4th. Wedbush reaffirmed an "outperform" rating and set a target price of $150.00 in a report published on February 5th. Meanwhile, KeyCorp adjusted its target price from $150.00 to $140.00 while maintaining an "overweight" rating on the stock. Melius downgraded AMD from a "buy" to a "hold", reducing their target price from $160.00 to $129.00 in a research note dated January 28th. Likewise, Stifel Nicolaus cut its price target from $200.00 to $162.00 while also rating it as a "buy". The consensus for AMD currently stands at one sell rating, ten hold ratings, nineteen buy ratings, and three strong buy ratings, giving the stock an average rating of "Moderate Buy" with a price target of $155.14, according to data from MarketBeat.

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Latest Stock Analysis on Advanced Micro Devices

Insider Transactions

In other news, EVP Philip Guido purchased 4,645 shares of AMD's stock on February 7th at an average price of $107.56 per share. This was a transaction totaling about $499,616.20. Following this acquisition, Philip Guido now owns 33,522 shares valued at approximately $3,605,626.32, marking a 16.09% increase in his position. This transaction was reported in a filing with the Securities & Exchange Commission, which can be accessed for more details. Currently, 0.73% of AMD’s shares are held by insiders.

Performance Overview of Advanced Micro Devices

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The shares of Advanced Micro Devices (NASDAQ:AMD) opened at $106.44 recently. Over the past year, the stock has seen a low of $94.73 and a high of $187.28. The firm boasts a market capitalization of $172.48 billion, a price-to-earnings ratio of 107.52, and a price-to-earnings-growth ratio of 1.11, alongside a beta of 1.74. The company has a debt-to-equity ratio of 0.03, quick ratio of 1.83, and current ratio of 2.62. As of now, the 50-day simple moving average stands at $110.28, while the 200-day simple moving average is $131.84.

AMD last reported its earnings on February 4th, where it announced earnings per share (EPS) of $1.07, meeting expectations. The company has a net margin of 6.36% and a return on equity of 7.42%. Analysts expect Advanced Micro Devices to achieve an EPS of 3.87 for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc. operates as a global semiconductor company. It segments its operations into Data Center, Client, Gaming, and Embedded sectors. The firm offers products such as x86 microprocessors, graphics processing units (GPUs), chipsets, data center solutions, and embedded processors. Additionally, AMD provides semi-custom system-on-chip (SoC) products and various development services.

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