Cornercap Investment Counsel Inc. Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cornercap Investment Counsel Inc. reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,707 shares of the semiconductor manufacturer’s stock after selling 429 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Advanced Micro Devices were worth $1,052,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Advanced Micro Devices during the 4th quarter valued at $2,867,193,000. Van ECK Associates Corp boosted its stake in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the period. State Street Corp grew its holdings in shares of Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after buying an additional 1,441,626 shares during the period. Finally, Alecta Tjanstepension Omsesidigt bought a new stake in Advanced Micro Devices during the 4th quarter valued at about $165,952,000. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $103.22 on Friday. The firm’s fifty day moving average is $109.39 and its two-hundred day moving average is $130.90. The firm has a market cap of $167.27 billion, a price-to-earnings ratio of 104.26, a PEG ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. KeyCorp decreased their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. TD Cowen decreased their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $152.72.

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.