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Hudson Valley Cuts Stake in Advanced Micro Devices by 12.3% in Q4

Mar 24, 2024 at 07:03 pm

Hudson Valley Investment Advisors Inc. ADV lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,443 shares of the semiconductor manufacturer's stock after selling 9,202 shares during the quarter. Advanced Micro Devices accounts for about 1.3% of Hudson Valley Investment Advisors Inc. ADV's holdings, making the stock its 21st biggest holding. Hudson Valley Investment Advisors Inc. ADV's holdings in Advanced Micro Devices were worth $9,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Several other hedge funds also recently bought and sold shares of AMD. Financial Management Professionals Inc. boosted its stake in shares of Advanced Micro Devices by 5.2% in the fourth 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. Prentice Wealth Management LLC lifted its stake in Advanced Micro Devices by 2.2% in the fourth quarter. Prentice Wealth Management LLC now owns 3,876 shares of the semiconductor manufacturer's stock worth $571,000 after acquiring an additional 83 shares during the last quarter. Left Brain Wealth Management LLC lifted its stake in Advanced Micro Devices by 1.2% in the third quarter. Left Brain Wealth Management LLC now owns 7,501 shares of the semiconductor manufacturer's stock worth $771,000 after acquiring an additional 90 shares during the last quarter. Castleview Partners LLC lifted its stake in Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Finally, Insight Advisors LLC PA lifted its stake in Advanced Micro Devices by 0.5% in the third quarter. Insight Advisors LLC PA now owns 17,563 shares of the semiconductor manufacturer's stock worth $1,806,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 68.43% of the company's stock.

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Insider Activity at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company's stock, valued at approximately $42,248,089.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Victor Peng sold 100,000 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company's stock, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares of the company's stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,943 shares of company stock valued at $59,919,994. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $179.65 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The firm's 50-day simple moving average is $179.60 and its 200 day simple moving average is $139.47. The firm has a market capitalization of $287.44 billion, a PE ratio of 345.49, a P/E/G ratio of 2.70 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the previous year, the firm earned $0.54 EPS. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMD. Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $188.00 price target for the company in a research note on Monday, January 8th. Bank of America lifted 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. New Street Research upgraded shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a research note on Wednesday, January 24th. Roth Mkm raised their price objective on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, January 31st. Finally, Wedbush reissued an "outperform" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $181.82.

View Our Latest Report on AMD

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.

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