Sage Mountain Advisors LLC Has $887,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sage Mountain Advisors LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,014 shares of the semiconductor manufacturer’s stock after purchasing an additional 197 shares during the period. Sage Mountain Advisors LLC’s holdings in Advanced Micro Devices were worth $887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices during the third quarter valued at $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices during the third quarter valued at $27,000. Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at $29,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at $30,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Advanced Micro Devices by 54.8% during the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 109 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $2.58 during trading hours on Monday, hitting $149.22. The stock had a trading volume of 39,857,208 shares, compared to its average volume of 74,168,820. The company has a 50-day moving average of $179.64 and a two-hundred day moving average of $149.24. 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 company has a market cap of $241.16 billion, a PE ratio of 282.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Barclays boosted their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, TD Cowen boosted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Insider Activity

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,143 shares of company stock worth $62,580,844. Company insiders own 0.65% 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.