Modera Wealth Management LLC Has $406,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Modera Wealth Management LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,954 shares of the semiconductor manufacturer’s stock after selling 264 shares during the period. Modera Wealth Management LLC’s holdings in Advanced Micro Devices were worth $406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Advanced Micro Devices by 9.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer’s stock worth $2,585,079,000 after buying an additional 1,929,225 shares during the period. Northern Trust Corp raised its stake in Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after purchasing an additional 2,874,012 shares in the last quarter. Invesco Ltd. boosted its holdings in Advanced Micro Devices by 7.2% in the 4th quarter. Invesco Ltd. now owns 11,368,317 shares of the semiconductor manufacturer’s stock valued at $1,373,179,000 after purchasing an additional 765,447 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,614,342 shares of the semiconductor manufacturer’s stock worth $885,037,000 after purchasing an additional 73,657 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Advanced Micro Devices by 11.2% during the fourth quarter. Deutsche Bank AG now owns 7,953,627 shares of the semiconductor manufacturer’s stock worth $960,719,000 after purchasing an additional 799,876 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,998 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Thursday, July 10th. Raymond James Financial reissued an “outperform” rating and set a $120.00 price target (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Melius Research raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and boosted their target price for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Bank of America increased their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, TD Cowen lifted their target price on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.94.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $171.70 on Friday. The firm has a market capitalization of $278.39 billion, a price-to-earnings ratio of 126.25, a P/E/G ratio of 2.33 and a beta of 1.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The stock has a fifty day moving average of $138.58 and a 200 day moving average of $116.48. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $182.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. Advanced Micro Devices’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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.