Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lowered by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 66.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,553 shares of the semiconductor manufacturer's stock after selling 14,683 shares during the quarter. Adell Harriman & Carpenter Inc.'s holdings in Advanced Micro Devices were worth $776,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMD. Main Street Financial Solutions LLC grew its holdings in Advanced Micro Devices by 3.9% during the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after buying an additional 98 shares in the last quarter. Plancorp LLC grew its holdings in Advanced Micro Devices by 2.2% during the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock valued at $620,000 after buying an additional 112 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in Advanced Micro Devices by 1.5% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $957,000 after buying an additional 115 shares in the last quarter. Alaethes Wealth LLC grew its holdings in Advanced Micro Devices by 0.7% during the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after buying an additional 115 shares in the last quarter. Finally, Sunflower Bank N.A. grew its holdings in Advanced Micro Devices by 4.3% during the 1st quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock valued at $288,000 after buying an additional 116 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Down 2.3%

Shares of Advanced Micro Devices stock traded down $3.11 during trading hours on Monday, reaching $134.80. The stock had a trading volume of 37,302,007 shares, compared to its average volume of 42,037,211. The firm has a 50 day simple moving average of $118.61 and a two-hundred day simple moving average of $111.56. The firm has a market capitalization of $218.56 billion, a price-to-earnings ratio of 99.12, a P/E/G ratio of 1.78 and a beta of 2.05. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate 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 business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the business posted $0.62 EPS. The company's revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMD. DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price for the company in a report on Thursday, May 8th. Raymond James Financial restated an "outperform" rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Barclays boosted their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Loop Capital decreased their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.55.

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.