Capital Advisory Group Advisory Services LLC Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Advisory Group Advisory Services LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 45.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,713 shares of the semiconductor manufacturer's stock after selling 2,245 shares during the period. Capital Advisory Group Advisory Services LLC's holdings in Advanced Micro Devices were worth $279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth about $25,000. Greenline Partners LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. Kozak & Associates Inc. lifted its position in 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 acquiring an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMD shares. Sanford C. Bernstein decreased their price target on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird decreased their target price on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday. Citigroup upped their price target on shares of Advanced Micro Devices from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Bank of America increased their price objective on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Fifteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.23.

Insider Buying and Selling 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 completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade 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 through the SEC website. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Trading Down 0.8%

Shares of NASDAQ:AMD traded down $0.97 on Thursday, hitting $120.17. 19,854,962 shares of the company's stock were exchanged, compared to its average volume of 41,339,557. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market capitalization of $194.84 billion, a price-to-earnings ratio of 121.39, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The business's 50 day simple moving average is $103.06 and its two-hundred day simple moving average is $111.80. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28.

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, topping analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has approved a share repurchase program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

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.