JB Capital LLC Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

JB Capital LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,234 shares of the semiconductor manufacturer’s stock after selling 227 shares during the period. JB Capital LLC’s holdings in Advanced Micro Devices were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chicago Capital LLC raised its stake in shares of Advanced Micro Devices by 1.4% during the fourth quarter. Chicago Capital LLC now owns 71,051 shares of the semiconductor manufacturer’s stock worth $8,582,000 after purchasing an additional 998 shares during the last quarter. Abner Herrman & Brock LLC raised its stake in shares of Advanced Micro Devices by 1.3% during the fourth quarter. Abner Herrman & Brock LLC now owns 145,033 shares of the semiconductor manufacturer’s stock worth $17,519,000 after purchasing an additional 1,837 shares during the last quarter. Magnolia Capital Advisors LLC raised its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Magnolia Capital Advisors LLC now owns 4,267 shares of the semiconductor manufacturer’s stock worth $515,000 after purchasing an additional 120 shares during the last quarter. KPP Advisory Services LLC raised its stake in shares of Advanced Micro Devices by 6.4% during the fourth quarter. KPP Advisory Services LLC now owns 4,807 shares of the semiconductor manufacturer’s stock worth $581,000 after purchasing an additional 288 shares during the last quarter. Finally, Lynch Asset Management Inc. raised its stake in shares of Advanced Micro Devices by 0.9% during the fourth quarter. Lynch Asset Management Inc. now owns 35,475 shares of the semiconductor manufacturer’s stock worth $4,285,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $114.27 on Tuesday. The firm has a market capitalization of $185.44 billion, a P/E ratio of 102.95, a P/E/G ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $112.80 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business’s 50-day simple moving average is $125.92 and its 200-day simple moving average is $141.11.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. HSBC reaffirmed a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Bank of America lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $155.00 in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target 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.