Jackson Hole Capital Partners LLC Sells 5,928 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jackson Hole Capital Partners LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 65.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,073 shares of the semiconductor manufacturer’s stock after selling 5,928 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Advanced Micro Devices were worth $453,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $30,000. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at $27,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in shares of Advanced Micro Devices by 36.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 72 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMD shares. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, April 17th. UBS Group raised their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Evercore ISI began coverage on Advanced Micro Devices in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $200.00 target price for the company. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Monday, January 8th. Finally, Citigroup lifted their price objective on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $185.59.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Up 2.4 %

Shares of NASDAQ:AMD traded up $3.64 during trading on Friday, hitting $157.40. 42,425,480 shares of the company’s stock traded hands, compared to its average volume of 72,781,539. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a market cap of $254.38 billion, a price-to-earnings ratio of 303.56, a price-to-earnings-growth ratio of 2.31 and a beta of 1.64. The company has a 50-day moving average price of $177.79 and a 200-day moving average price of $149.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the business posted $0.54 EPS. Advanced Micro Devices’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

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.