Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Waycross Partners LLC

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chase Investment Counsel Corp lifted its position in shares of Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after acquiring an additional 87 shares during the period. Washburn Capital Management Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $231,000. Pathway Financial Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $229,000. Independence Bank of Kentucky increased its stake in shares of Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $1,759,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were 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 in the company, valued at approximately $45,513,918.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 1.1 %

AMD stock traded down $1.82 during trading on Tuesday, reaching $158.38. The stock had a trading volume of 57,985,168 shares, compared to its average volume of 72,251,242. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year 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 capitalization of $255.96 billion, a P/E ratio of 304.58, a PEG ratio of 2.39 and a beta of 1.64. The firm has a fifty day moving average price of $177.04 and a 200 day moving average price of $151.59.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMD shares. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Finally, Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a research note on Wednesday, January 31st. One research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $184.68.

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.