Tilt Investment Management Holdings PBC Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tilt Investment Management Holdings PBC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,541 shares of the semiconductor manufacturer’s stock after selling 2,030 shares during the period. Advanced Micro Devices comprises 1.0% of Tilt Investment Management Holdings PBC’s investment portfolio, making the stock its 18th largest position. Tilt Investment Management Holdings PBC’s holdings in Advanced Micro Devices were worth $964,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Advanced Micro Devices by 36.2% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 72 shares during the last quarter. Avior Wealth Management LLC raised its position in Advanced Micro Devices by 1.0% in the fourth quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock worth $1,169,000 after acquiring an additional 77 shares during the period. Retirement Planning Group LLC raised its position in Advanced Micro Devices by 2.2% in the fourth quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock worth $542,000 after acquiring an additional 79 shares during the period. Optas LLC raised its position in Advanced Micro Devices by 1.7% in the fourth quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock worth $726,000 after acquiring an additional 80 shares during the period. Finally, Financial Management Professionals Inc. raised its position in shares of Advanced Micro Devices by 5.2% during the 4th quarter. Financial Management Professionals Inc. now owns 1,629 shares of the semiconductor manufacturer’s stock valued at $240,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last ninety days. Insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. Mizuho raised their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Susquehanna reissued a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, April 4th. DZ Bank reissued a “hold” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Finally, Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $0.30 during trading hours on Thursday, hitting $154.32. The company’s stock had a trading volume of 41,773,530 shares, compared to its average volume of 74,516,570. The company has a 50 day moving average of $180.44 and a 200 day moving average of $148.23. The stock has a market cap of $249.40 billion, a PE ratio of 299.77, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.63 EPS 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.