Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Advanced Micro Devices, Inc. (AMD) by 9.7%, now holding 118,939 shares valued at approximately $12.2 million.
• In recent institutional activity, Farmers & Merchants Trust Co increased its position in AMD by 277.8%, while other firms such as American Capital Advisory LLC and Kozak & Associates Inc. also significantly boosted their holdings.
• AMD reported earnings of $0.48 per share, missing analysts' expectations, while revenue increased 31.7% year-over-year, reaching $7.69 billion.

Atria Wealth Solutions Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,939 shares of the semiconductor manufacturer's stock after selling 12,818 shares during the period. Atria Wealth Solutions Inc.'s holdings in Advanced Micro Devices were worth $12,220,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Greenline Partners LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC boosted its holdings in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The shares were 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 in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

AMD traded up $9.28 during midday trading on Thursday, reaching $172.40. 95,073,538 shares of the company's stock were exchanged, compared to its average volume of 65,171,756. The business's 50-day moving average price is $143.30 and its 200 day moving average price is $117.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.97. The stock has a market capitalization of $279.53 billion, a PE ratio of 99.08, a P/E/G ratio of 2.15 and a beta of 1.94. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $182.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The business had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has approved a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. DZ Bank upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price objective on the stock in a report on Thursday. Evercore ISI upped their price objective on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a report on Wednesday. Mizuho upped their price objective on shares of Advanced Micro Devices from $152.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Bank of America upped their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Thirteen analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $178.56.

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.