Sherbrooke Park Advisers LLC Has $858,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sherbrooke Park Advisers LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,100 shares of the semiconductor manufacturer's stock after purchasing an additional 2,483 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Advanced Micro Devices were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the fourth quarter worth $25,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Summit Securities Group LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMD. StockNews.com upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday. Loop Capital cut their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Barclays dropped their target price on Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $120.00 target price (up from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.45.

Advanced Micro Devices Stock Performance

AMD opened at $114.99 on Friday. The business's 50-day moving average price is $98.53 and its two-hundred day moving average price is $115.48. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a market capitalization of $186.45 billion, a price-to-earnings ratio of 116.15, a P/E/G ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Advanced Micro Devices's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has authorized a stock buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.06% of the company's stock.

Advanced Micro Devices 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.

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