Hudson Value Partners LLC Has $1.36 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hudson Value Partners LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,215 shares of the semiconductor manufacturer’s stock after selling 300 shares during the period. Hudson Value Partners LLC’s holdings in Advanced Micro Devices were worth $1,355,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $31,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on AMD. KeyCorp cut shares of Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $120.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Raymond James reaffirmed an “outperform” rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.58.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $110.71 on Friday. The company has a market capitalization of $179.51 billion, a PE ratio of 111.83, a P/E/G ratio of 1.11 and a beta of 1.97. The company has a 50 day simple moving average of $99.87 and a two-hundred day simple moving average of $114.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.