Hudson Valley Investment Advisors Inc. ADV Lowers Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hudson Valley Investment Advisors Inc. ADV lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,692 shares of the semiconductor manufacturer’s stock after selling 1,423 shares during the period. Advanced Micro Devices accounts for about 1.2% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its 24th largest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in Advanced Micro Devices were worth $10,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Park National Corp OH raised its holdings in Advanced Micro Devices by 87.1% in the fourth quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer’s stock worth $324,000 after buying an additional 1,249 shares during the last quarter. Norway Savings Bank raised its holdings in Advanced Micro Devices by 2.9% in the 4th quarter. Norway Savings Bank now owns 12,612 shares of the semiconductor manufacturer’s stock worth $1,523,000 after acquiring an additional 358 shares during the last quarter. Bank of New Hampshire raised its holdings in Advanced Micro Devices by 1.5% in the 4th quarter. Bank of New Hampshire now owns 9,802 shares of the semiconductor manufacturer’s stock worth $1,184,000 after acquiring an additional 148 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its position in Advanced Micro Devices by 72.5% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 5,712 shares of the semiconductor manufacturer’s stock valued at $690,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Capital Market Strategies LLC boosted its stake in Advanced Micro Devices by 20.7% during the 4th quarter. Capital Market Strategies LLC now owns 5,511 shares of the semiconductor manufacturer’s stock valued at $666,000 after purchasing an additional 947 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last three months. 0.65% of the stock is owned by company insiders.

Advanced Micro Devices Trading Down 4.3 %

Shares of Advanced Micro Devices stock opened at $121.84 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $117.90 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company has a market capitalization of $197.72 billion, a P/E ratio of 109.77, a P/E/G ratio of 1.88 and a beta of 1.66. The company has a fifty day moving average of $133.09 and a 200 day moving average of $147.05.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. TD Cowen lowered their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup lowered their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays cut their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $187.85.

Advanced Micro Devices 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.