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

Shepherd Financial Partners LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,584 shares of the semiconductor manufacturer’s stock after selling 570 shares during the period. Shepherd Financial Partners LLC’s holdings in Advanced Micro Devices were worth $1,037,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMD. Marcum Wealth LLC increased its stake in Advanced Micro Devices by 9.8% in the 3rd quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock worth $565,000 after purchasing an additional 307 shares in the last quarter. Cypress Wealth Services LLC purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $210,000. UMB Bank n.a. boosted its stake in Advanced Micro Devices by 3.2% in the 3rd quarter. UMB Bank n.a. now owns 15,874 shares of the semiconductor manufacturer’s stock worth $2,605,000 after purchasing an additional 490 shares during the period. Pinnacle Bancorp Inc. grew its position in Advanced Micro Devices by 27.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 745 shares of the semiconductor manufacturer’s stock worth $122,000 after purchasing an additional 159 shares in the last quarter. Finally, Private Advisory Group LLC raised its stake in Advanced Micro Devices by 25.9% during the 3rd quarter. Private Advisory Group LLC now owns 72,289 shares of the semiconductor manufacturer’s stock valued at $11,861,000 after purchasing an additional 14,854 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMD shares. Benchmark lowered their price target on Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday. Mizuho dropped their target price on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, TD Cowen lowered their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $107.56 on Friday. The company has a market capitalization of $174.55 billion, a P/E ratio of 96.90, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The stock has a 50 day moving average of $124.01 and a two-hundred day moving average of $140.18.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.