Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,677 shares of the semiconductor manufacturer's stock after selling 75,800 shares during the quarter. Cooper Creek Partners Management LLC's holdings in Advanced Micro Devices were worth $17,355,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity

In other news, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company's stock.

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Advanced Micro Devices Stock Performance

Shares of AMD traded up $0.79 during mid-day trading on Tuesday, hitting $95.29. The stock had a trading volume of 26,101,434 shares, compared to its average volume of 43,306,782. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $154.02 billion, a PE ratio of 96.25, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company's fifty day simple moving average is $102.25 and its two-hundred day simple moving average is $124.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMD shares. Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. The Goldman Sachs Group cut Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Benchmark restated a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, Barclays decreased their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $148.76.

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.