Tennessee Valley Asset Management Partners Sells 155 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tennessee Valley Asset Management Partners lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,088 shares of the semiconductor manufacturer’s stock after selling 155 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in Advanced Micro Devices were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. Fairfield Bush & CO. acquired a new position in Advanced Micro Devices in the first quarter valued at about $836,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after purchasing an additional 791,710 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Advanced Micro Devices by 34.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after purchasing an additional 692 shares in the last quarter. Raymond James Trust N.A. raised its stake in Advanced Micro Devices by 104.8% in the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after purchasing an additional 4,072 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Advanced Micro Devices by 217.2% in the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after purchasing an additional 272,557 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. DZ Bank reaffirmed a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, March 7th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Wells Fargo & Company boosted their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Evercore ISI started coverage on Advanced Micro Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $200.00 target price for the company. Finally, Bank of America boosted their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 over the last ninety days. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $146.64 on Monday. The stock has a market capitalization of $236.99 billion, a price-to-earnings ratio of 282.01, a PEG ratio of 2.23 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The stock’s 50 day moving average price is $179.64 and its two-hundred day moving average price is $149.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

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

Advanced Micro Devices 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.