Fiduciary Alliance LLC Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fiduciary Alliance LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,366 shares of the semiconductor manufacturer's stock after selling 4,192 shares during the period. Fiduciary Alliance LLC's holdings in Advanced Micro Devices were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wright Investors Service Inc. raised its holdings in shares of Advanced Micro Devices by 2.5% in the first quarter. Wright Investors Service Inc. now owns 5,983 shares of the semiconductor manufacturer's stock worth $615,000 after buying an additional 144 shares during the period. JTC Employer Solutions Trustee Ltd raised its holdings in shares of Advanced Micro Devices by 42.3% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 2,508 shares of the semiconductor manufacturer's stock worth $258,000 after buying an additional 746 shares during the period. Czech National Bank raised its holdings in shares of Advanced Micro Devices by 5.8% in the first quarter. Czech National Bank now owns 372,199 shares of the semiconductor manufacturer's stock worth $38,240,000 after buying an additional 20,328 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 3.6% in the first quarter. 180 Wealth Advisors LLC now owns 4,027 shares of the semiconductor manufacturer's stock worth $414,000 after buying an additional 141 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 4.6% in the first quarter. Legacy Wealth Asset Management LLC now owns 15,294 shares of the semiconductor manufacturer's stock worth $1,571,000 after buying an additional 673 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company'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 owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $0.50 on Friday, hitting $116.19. The company had a trading volume of 26,964,110 shares, compared to its average volume of 41,498,489. The firm has a market cap of $188.39 billion, a P/E ratio of 117.36, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The company has a 50-day moving average price of $101.39 and a 200-day moving average price of $112.13. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, equities 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 program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. Bank of America increased their price objective on Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Barclays increased their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. UBS Group dropped their price objective on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Evercore ISI dropped their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, 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. Fifteen analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

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.