Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Harrell Investment Partners LLC

Harrell Investment Partners LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 64.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,991 shares of the semiconductor manufacturer's stock after selling 12,434 shares during the period. Harrell Investment Partners LLC's holdings in Advanced Micro Devices were worth $718,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMD. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the fourth quarter worth $25,000. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. Kozak & Associates Inc. increased its position in Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $30,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 0.2%

Shares of NASDAQ AMD opened at $126.79 on Thursday. 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 capitalization of $205.58 billion, a PE ratio of 93.23, a PEG ratio of 1.64 and a beta of 1.99. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $106.68 and a two-hundred day moving average price of $111.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated 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 in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on AMD. Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Loop Capital lowered their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays raised their price target on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price target for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Finally, Mizuho raised their price target on Advanced Micro Devices from $117.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, May 19th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.61.

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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