Magnolia Capital Advisors LLC Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Magnolia Capital Advisors LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,267 shares of the semiconductor manufacturer’s stock after purchasing an additional 120 shares during the period. Magnolia Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KPP Advisory Services LLC grew its stake in shares of Advanced Micro Devices by 6.4% during the 4th quarter. KPP Advisory Services LLC now owns 4,807 shares of the semiconductor manufacturer’s stock valued at $581,000 after purchasing an additional 288 shares during the period. Lynch Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 0.9% in the fourth quarter. Lynch Asset Management Inc. now owns 35,475 shares of the semiconductor manufacturer’s stock worth $4,285,000 after buying an additional 300 shares during the last quarter. HHM Wealth Advisors LLC increased its holdings in Advanced Micro Devices by 186.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,343 shares of the semiconductor manufacturer’s stock valued at $162,000 after buying an additional 874 shares during the last quarter. Adamsbrown Wealth Consultants LLC raised its position in Advanced Micro Devices by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,419 shares of the semiconductor manufacturer’s stock worth $655,000 after acquiring an additional 115 shares during the period. Finally, Stock Yards Bank & Trust Co. boosted its stake in shares of Advanced Micro Devices by 10.4% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 7,419 shares of the semiconductor manufacturer’s stock worth $896,000 after acquiring an additional 697 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 2.4 %

NASDAQ:AMD opened at $115.95 on Monday. The firm has a 50 day moving average of $125.92 and a 200 day moving average of $141.24. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The stock has a market capitalization of $188.16 billion, a price-to-earnings ratio of 104.46, a PEG ratio of 1.04 and a beta of 1.66.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last three months. 0.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMD. Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Citigroup cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Mizuho dropped their price objective on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.77.

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.