Cross Staff Investments Inc Sells 100 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cross Staff Investments Inc cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,754 shares of the semiconductor manufacturer’s stock after selling 100 shares during the period. Cross Staff Investments Inc’s holdings in Advanced Micro Devices were worth $848,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Washburn Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $231,000. Pathway Financial Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth about $229,000. Independence Bank of Kentucky grew its holdings in Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. Gendell Jeffrey L purchased a new stake in Advanced Micro Devices in the 3rd quarter worth about $3,085,000. Finally, Sara Bay Financial bought a new stake in Advanced Micro Devices in the fourth quarter worth about $315,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMD. Barclays increased their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Wells Fargo & Company lifted their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Truist Financial raised their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Mizuho boosted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, KeyCorp lifted their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at $45,513,918.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $3.42 on Friday, hitting $157.18. 35,484,520 shares of the company’s stock were exchanged, compared to its average volume of 72,679,383. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm’s 50-day moving average price is $177.79 and its two-hundred day moving average price is $149.92. The firm has a market cap of $254.02 billion, a price-to-earnings ratio of 303.56, a P/E/G ratio of 2.31 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly 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. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

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.