Capital Market Strategies LLC Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Market Strategies LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,567 shares of the semiconductor manufacturer's stock after selling 2,944 shares during the quarter. Capital Market Strategies LLC's holdings in Advanced Micro Devices were worth $264,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. TFG Advisers LLC boosted its holdings in Advanced Micro Devices by 2.0% during the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after acquiring an additional 92 shares during the last quarter. DMC Group LLC boosted its holdings in Advanced Micro Devices by 0.8% during the 4th quarter. DMC Group LLC now owns 11,738 shares of the semiconductor manufacturer's stock worth $1,418,000 after acquiring an additional 95 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in Advanced Micro Devices by 4.4% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 2,304 shares of the semiconductor manufacturer's stock worth $278,000 after acquiring an additional 97 shares during the last quarter. L.M. Kohn & Company boosted its holdings in Advanced Micro Devices by 1.4% during the 4th quarter. L.M. Kohn & Company now owns 6,973 shares of the semiconductor manufacturer's stock worth $842,000 after acquiring an additional 97 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted 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 worth $314,000 after acquiring an additional 98 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD traded up $3.90 during midday trading on Monday, hitting $114.63. 34,004,484 shares of the company traded hands, compared to its average volume of 41,853,516. The stock has a 50-day moving average of $100.34 and a 200-day moving average of $112.37. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The firm has a market cap of $185.86 billion, a P/E ratio of 115.79, a PEG ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices'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 business earned $0.62 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a stock buyback 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 repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research analyst reports. Susquehanna cut their price target on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Argus set a $160.00 price target on shares of Advanced Micro Devices in a report on Thursday, February 6th. TD Cowen boosted their price target on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. UBS Group cut their price target on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a report on Thursday, May 8th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $132.58.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by company insiders.

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.