Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Overbrook Management Corp

Overbrook Management Corp cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,594 shares of the semiconductor manufacturer’s stock after selling 3,571 shares during the quarter. Advanced Micro Devices accounts for approximately 4.4% of Overbrook Management Corp’s holdings, making the stock its 8th biggest position. Overbrook Management Corp’s holdings in Advanced Micro Devices were worth $21,757,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Peoples Bank KS acquired a new stake in Advanced Micro Devices in the third quarter valued at $26,000. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth $27,000. Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $30,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Advanced Micro Devices by 54.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 109 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of 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 legal filing with the SEC, which is available at this link. Also, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 in the last three months. 0.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. TD Cowen lifted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. UBS Group lifted their price objective on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Truist Financial lifted their price objective on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Citigroup lifted their price objective on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $2.02 during trading on Thursday, reaching $153.76. The stock had a trading volume of 41,077,391 shares, compared to its average volume of 73,156,063. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a market cap of $248.50 billion, a PE ratio of 295.70, a P/E/G ratio of 2.32 and a beta of 1.64. The firm’s 50 day moving average price is $177.79 and its two-hundred day moving average price is $149.92.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 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.