United Advisor Group LLC Has $348,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

United Advisor Group LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 78.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,392 shares of the semiconductor manufacturer’s stock after selling 12,244 shares during the period. United Advisor Group LLC’s holdings in Advanced Micro Devices were worth $348,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its position in shares of Advanced Micro Devices by 10.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 100,366 shares of the semiconductor manufacturer’s stock worth $10,312,000 after acquiring an additional 9,168 shares in the last quarter. Wealthspan Partners LLC bought a new stake in Advanced Micro Devices during the 1st quarter worth approximately $213,000. Lumbard & Kellner LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter worth approximately $3,914,000. Duncan Williams Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 4.0% in the first quarter. Duncan Williams Asset Management LLC now owns 3,242 shares of the semiconductor manufacturer’s stock valued at $333,000 after purchasing an additional 125 shares in the last quarter. Finally, Premier Path Wealth Partners LLC boosted its position in shares of Advanced Micro Devices by 148.8% during the first quarter. Premier Path Wealth Partners LLC now owns 17,195 shares of the semiconductor manufacturer’s stock valued at $1,767,000 after buying an additional 10,283 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.2%

NASDAQ:AMD opened at $126.79 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock’s fifty day moving average price is $107.44 and its two-hundred day moving average price is $111.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The company has a market cap of $205.58 billion, a P/E ratio of 93.23, a P/E/G ratio of 1.64 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the company posted $0.62 EPS. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Thursday, May 8th. Evercore ISI set a $144.00 target price on shares of Advanced Micro Devices and gave the company an “outperform” rating in a report on Friday, June 13th. HSBC raised shares of Advanced Micro Devices from a “reduce” rating to a “hold” rating in a research report on Tuesday, May 27th. Benchmark reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Finally, TD Cowen increased their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.61.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Company 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.