Jackson Hole Capital Partners LLC Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Jackson Hole Capital Partners LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 65.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Schear Investment Advisers LLC raised its position in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after buying an additional 64 shares during the last quarter. Oliver Lagore Vanvalin Investment Group raised its position in Advanced Micro Devices by 36.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after buying an additional 72 shares during the last quarter. Avior Wealth Management LLC raised its position in Advanced Micro Devices by 1.0% during the 4th quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock worth $1,169,000 after buying an additional 77 shares during the last quarter. Retirement Planning Group LLC raised its position in Advanced Micro Devices by 2.2% during the 4th quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock worth $542,000 after buying an additional 79 shares during the last quarter. Finally, Optas LLC raised its position in Advanced Micro Devices by 1.7% during the 4th quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock worth $726,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMD shares. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Monday, January 8th. Mizuho raised their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Citigroup raised their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One equities research 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Stock Up 2.4 %

Shares of NASDAQ AMD traded up $3.64 during trading on Friday, reaching $157.40. 42,425,480 shares of the stock were exchanged, compared to its average volume of 72,781,539. The business’s 50-day moving average price is $177.79 and its 200 day moving average price is $149.92. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month 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 company has a market capitalization 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.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $6.13 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 341,143 shares of company stock worth $62,580,844. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company 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.