InterOcean Capital Group LLC Decreases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

InterOcean Capital Group LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,150 shares of the semiconductor manufacturer’s stock after selling 3,837 shares during the quarter. InterOcean Capital Group LLC’s holdings in Advanced Micro Devices were worth $1,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Addison Advisors LLC increased its stake in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares during the period. Schear Investment Advisers LLC boosted its holdings in Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after acquiring an additional 64 shares in the last quarter. Fiduciary Group LLC boosted its holdings in Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after acquiring an additional 65 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Advanced Micro Devices by 0.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock valued at $1,560,000 after acquiring an additional 66 shares in the last quarter. Finally, EWA LLC boosted its holdings in Advanced Micro Devices by 4.0% in the fourth quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock valued at $269,000 after acquiring an additional 70 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $0.48 during midday trading on Thursday, reaching $165.04. 27,280,570 shares of the stock traded hands, compared to its average volume of 67,606,297. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock has a market capitalization of $266.76 billion, a PE ratio of 243.42, a P/E/G ratio of 1.89 and a beta of 1.66. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company’s 50 day moving average is $165.28 and its 200 day moving average is $157.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMD. Truist Financial cut their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Wednesday, January 31st. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Tuesday, May 7th. Susquehanna dropped their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research note on Monday, April 29th. Finally, Bank of America upped their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $290,290,831.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,650 shares of company stock worth $31,761,199. Company insiders own 0.73% 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.