Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Reduced by Strategic Advisors LLC

Strategic Advisors LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 70.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,706 shares of the semiconductor manufacturer’s stock after selling 6,333 shares during the period. Strategic Advisors LLC’s holdings in Advanced Micro Devices were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Greenline Partners LLC acquired a new position in Advanced Micro Devices in the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Kozak & Associates Inc. increased its holdings in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $30,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company’s 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 owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Up 0.6%

NASDAQ:AMD opened at $127.10 on Wednesday. The company has a market capitalization of $206.08 billion, a P/E ratio of 93.46, a P/E/G ratio of 1.61 and a beta of 1.99. The stock’s 50 day moving average price is $106.08 and its 200 day moving average price is $111.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company 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 8.03% and a return on equity of 8.30%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has initiated 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 repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group decreased their target price on Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Dbs Bank cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Mizuho raised their target price on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Finally, Seaport Res Ptn raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, April 30th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.61.

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.