Stokes Family Office LLC Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stokes Family Office LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 32.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,710 shares of the semiconductor manufacturer’s stock after selling 1,814 shares during the quarter. Stokes Family Office LLC’s holdings in Advanced Micro Devices were worth $547,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Addison Advisors LLC raised its holdings in 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 purchasing an additional 62 shares in the last quarter. Schear Investment Advisers LLC raised its holdings in 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 purchasing an additional 64 shares in the last quarter. Fiduciary Group LLC raised its holdings in 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 purchasing an additional 65 shares in the last quarter. EWA LLC raised its holdings in 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 purchasing an additional 70 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group raised its holdings in 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 purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $276,050,677.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related 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 value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Insiders have sold 181,850 shares of company stock valued at $34,637,833 over the last 90 days. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. Susquehanna decreased their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a research note on Monday, April 29th. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Wednesday, January 24th. Piper Sandler restated an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday. Finally, Benchmark reduced their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.24.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $4.44 during trading hours on Friday, hitting $150.60. 49,361,081 shares of the stock traded hands, compared to its average volume of 55,429,640. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $81.11 and a 1 year high of $227.30. The company has a market cap of $243.42 billion, a price-to-earnings ratio of 221.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66. The stock has a 50 day moving average price of $175.93 and a 200 day moving average price of $151.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.59 EPS 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.