From MarketBeat:

NewEdge Wealth LLC decreased its stake in Advanced Micro Devices, Inc. (NASDAQ: AMD) by 67.3% in the third quarter, selling 8,723 shares valued at $436,000. Other institutional investors have also made changes, with Activest Wealth Management and Peoples Bank KS acquiring new stakes, and Castleview Partners LLC, Indiana Trust & Investment Management CO, and Dividend Assets Capital LLC also purchasing shares. Advanced Micro Devices stock has seen a 0.9% decrease, opening at $169.35. The company has a market cap of $270.96 billion and reported earnings of $0.77 per share for the last quarter, with a net margin of 3.77%. CEO Lisa T. Su sold 75,000 shares in December, raising questions about insider transactions.

Wall Street analysts have varied opinions on Advanced Micro Devices, with Stifel Nicolaus and Cantor Fitzgerald rating it as “buy” and setting target prices at $145.00 and $190.00 respectively. TD Cowen raised the target price to $185.00, UBS Group to $220.00, and StockNews.com downgraded the stock to “sell”. Advanced Micro Devices Inc. operates as a semiconductor company worldwide, offering x86 microprocessors, GPUs, chipsets, data center and professional GPUs, and embedded processors. With research analysts projecting a moderate buy rating and a consensus price target of $177.88, investors should consider multiple perspectives before investing.



Read more: NewEdge Wealth LLC Lowers Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)