Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.4% during the fourth quarter, HoldingsChannel reports. The fund owned 5,696 shares of the semiconductor manufacturer’s stock after selling 143 shares during the period. Stableford Capital II LLC’s holdings in Advanced Micro Devices were worth $688,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its stake in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares during the last quarter. Wealth Effects LLC lifted its stake in shares of Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock valued at $1,545,000 after buying an additional 65 shares during the period. Jacobsen Capital Management boosted its position in Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after acquiring an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. grew its stake in Advanced Micro Devices by 5.3% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after acquiring an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC raised its holdings in Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMD. Mizuho lowered their price objective on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. UBS Group dropped their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $169.77.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $115.95 on Friday. The company has a market capitalization of $188.16 billion, a PE ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $125.92 and its two-hundred day moving average is $141.49. Advanced Micro Devices, Inc. has a 52-week low of $112.80 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 2.54 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.