Waycross Partners LLC Sells 4,600 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Waycross Partners LLC trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the semiconductor manufacturer’s stock after selling 4,600 shares during the quarter. Waycross Partners LLC’s holdings in Advanced Micro Devices were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Addison Advisors LLC grew its position in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares during the last quarter. Schear Investment Advisers LLC grew its position in shares of Advanced Micro Devices by 0.4% in 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. Fiduciary Group LLC grew its position in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after buying an additional 65 shares during the last quarter. EWA LLC grew its position in shares of Advanced Micro Devices by 4.0% in the 4th quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock worth $269,000 after buying an additional 70 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group grew its position in shares of Advanced Micro Devices by 36.2% in 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. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. Mizuho lifted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. TD Cowen lifted their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Cantor Fitzgerald restated an “overweight” rating and set a $190.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 4th. Susquehanna dropped their price target on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research report on Monday. Finally, Raymond James lowered Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.68.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $1.82 during mid-day trading on Tuesday, reaching $158.38. 57,985,168 shares of the stock traded hands, compared to its average volume of 72,251,242. The business’s 50-day moving average is $177.04 and its 200-day moving average is $151.59. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The stock has a market capitalization of $255.96 billion, a PE ratio of 304.58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the completion of the sale, the executive vice president now owns 258,690 shares in the company, valued at $45,513,918.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, 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 valued at $62,580,844. Company insiders own 0.65% 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.