Kovack Advisors Inc. Sells 19,285 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kovack Advisors Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 51.3% during the 4th quarter, HoldingsChannel reports. The firm owned 18,271 shares of the semiconductor manufacturer’s stock after selling 19,285 shares during the period. Kovack Advisors Inc.’s holdings in Advanced Micro Devices were worth $2,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $30,000. Peoples Bank KS bought a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $26,000. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $27,000. Finally, Oliver Lagore Vanvalin Investment Group grew its holdings in Advanced Micro Devices by 36.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 72 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

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 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 owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value 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 approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Up 2.4 %

AMD traded up $3.64 during trading on Friday, hitting $157.40. 42,425,480 shares of the company’s stock were exchanged, compared to its average volume of 72,781,539. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $177.46 and its two-hundred day moving average is $150.27. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock has a market cap of $254.38 billion, a P/E ratio of 302.70, a PEG ratio of 2.31 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. Rosenblatt Securities reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 4th. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Wednesday, January 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $190.00 target price on shares of Advanced Micro Devices in a report on Monday, March 4th. Finally, Mizuho boosted their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

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.