Sylebra Capital LLC Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sylebra Capital LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,104,497 shares of the semiconductor manufacturer's stock after selling 42,391 shares during the quarter. Advanced Micro Devices comprises approximately 5.0% of Sylebra Capital LLC's portfolio, making the stock its 7th biggest holding. Sylebra Capital LLC owned approximately 0.07% of Advanced Micro Devices worth $133,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth $25,000. Greenline Partners LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $31,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $1.70 during trading on Wednesday, hitting $112.86. 26,958,375 shares of the company's stock traded hands, compared to its average volume of 42,119,470. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock has a market capitalization of $182.99 billion, a P/E ratio of 114.00, a PEG ratio of 1.11 and a beta of 1.97. The business has a 50-day simple moving average of $100.23 and a 200-day simple moving average of $113.35.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period last year, the firm posted $0.62 earnings per share. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has approved a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMD. Bank of America raised their price objective on Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. KeyCorp lowered Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. TD Cowen raised their price target on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Melius Research set a $110.00 price target on Advanced Micro Devices in a research report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $132.58.

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.