Avaii Wealth Management LLC Has $237,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Avaii Wealth Management LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 92.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,304 shares of the semiconductor manufacturer's stock after selling 28,656 shares during the period. Avaii Wealth Management LLC's holdings in Advanced Micro Devices were worth $237,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $25,000. Greenline Partners LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $29,000. Kozak & Associates Inc. boosted its stake 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 valued at $29,000 after purchasing an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. Institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business'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 sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 0.6%

AMD stock traded up $0.71 during midday trading on Tuesday, hitting $127.10. 86,125,126 shares of the company's stock were exchanged, compared to its average volume of 41,829,511. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market cap of $206.08 billion, a PE ratio of 128.39, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The stock's fifty day moving average price is $105.48 and its 200-day moving average price is $111.08.

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

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMD shares. Citigroup reaffirmed a "neutral" rating and set a $120.00 price objective (up from $100.00) on shares of Advanced Micro Devices in a research note on Monday, June 9th. Stifel Nicolaus reaffirmed a "buy" rating and set a $132.00 price target on shares of Advanced Micro Devices in a report on Friday. Melius Research set a $110.00 price objective on Advanced Micro Devices in a research report on Wednesday, May 7th. Wedbush reissued an "outperform" rating and issued a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Susquehanna lowered their target price on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $134.61.

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.