Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Brighton Jones LLC

Brighton Jones LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,138 shares of the semiconductor manufacturer's stock after selling 4,818 shares during the quarter. Brighton Jones LLC's holdings in Advanced Micro Devices were worth $4,226,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMD. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Greenline Partners LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $29,000. Kozak & Associates Inc. increased its stake in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen upped 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. Melius Research set a $110.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Raymond James reiterated an "outperform" rating and issued a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Barclays increased their price target on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price target for the company from $135.00 to $120.00 in a research note on Thursday, March 27th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.13.

Advanced Micro Devices Trading Down 2.0%

NASDAQ:AMD opened at $116.16 on Friday. 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 cap of $188.34 billion, a price-to-earnings ratio of 117.33, a PEG ratio of 1.11 and a beta of 1.99. The business has a fifty day moving average of $104.51 and a 200-day moving average of $111.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly 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. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock repurchase 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents 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. Company insiders own 0.06% of the company's stock.

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.

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