Magnolia Capital Advisors LLC Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Magnolia Capital Advisors LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,473 shares of the semiconductor manufacturer’s stock, valued at approximately $659,000.

Other hedge funds have also added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $27,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $30,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Advanced Micro Devices by 54.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 109 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were 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 owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMD. The Goldman Sachs Group lifted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Barclays lifted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Bank of America lifted their price objective 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. TD Cowen lifted their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $190.00 target price on shares of Advanced Micro Devices in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.53 during mid-day trading on Wednesday, hitting $151.74. The company had a trading volume of 43,358,590 shares, compared to its average volume of 73,559,477. The firm has a market cap of $245.23 billion, a PE ratio of 291.81, a price-to-earnings-growth ratio of 2.26 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock’s fifty day moving average price is $178.25 and its two-hundred day moving average price is $149.89. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

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.