Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,404 shares of the semiconductor manufacturer’s stock after selling 3,786 shares during the quarter. Stephens Inc. AR’s holdings in Advanced Micro Devices were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. SouthState Corp lifted its holdings in shares of Advanced Micro Devices by 234.5% in the 3rd quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 272 shares during the period. TD Capital Management LLC acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Mine & Arao Wealth Creation & Management LLC. lifted its holdings in shares of Advanced Micro Devices by 1,915.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 364 shares during the period. Finally, IAG Wealth Partners LLC lifted its holdings in shares of Advanced Micro Devices by 189.9% in the 3rd quarter. IAG Wealth Partners LLC now owns 458 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 300 shares during the period. 67.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. BMO Capital Markets assumed coverage on Advanced Micro Devices in a research note on Wednesday, February 1st. They issued a “buy” rating and a $110.00 price objective for the company. Raymond James assumed coverage on Advanced Micro Devices in a research note on Thursday, March 2nd. They issued a “strong-buy” rating and a $100.00 price objective for the company. Sanford C. Bernstein downgraded Advanced Micro Devices from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $95.00 to $80.00 in a research note on Tuesday, January 24th. Mizuho dropped their price objective on Advanced Micro Devices from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, February 1st. Finally, Northland Securities raised their price objective on Advanced Micro Devices from $60.00 to $68.00 and gave the company a “market perform” rating in a research note on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $93.60.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction on Monday, March 6th. The stock was sold at an average price of $81.69, for a total value of $2,450,700.00. Following the transaction, the executive vice president now owns 1,516,945 shares in the company, valued at $123,919,237.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction on Monday, March 6th. The stock was sold at an average price of $81.69, for a total value of $2,450,700.00. Following the transaction, the executive vice president now owns 1,516,945 shares in the company, valued at $123,919,237.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rick Bergman sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $85.88, for a total value of $257,640.00. Following the transaction, the executive vice president now owns 155,232 shares in the company, valued at approximately $13,331,324.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,000 shares of company stock worth $5,264,040. 1.00% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 1.3 %

Shares of NASDAQ:AMD traded up $1.24 during midday trading on Friday, reaching $97.84. The company’s stock had a trading volume of 94,080,842 shares, compared to its average volume of 60,751,910. The firm has a market cap of $157.66 billion, a price-to-earnings ratio of 111.18, a price-to-earnings-growth ratio of 5.30 and a beta of 1.95. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $125.67. The business has a 50 day moving average price of $79.37 and a 200 day moving average price of $72.32.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last issued its earnings results on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Advanced Micro Devices had a return on equity of 8.52% and a net margin of 5.59%. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.41 EPS for the current year.

Advanced Micro Devices Profile

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.