Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,203 shares of the semiconductor manufacturer's stock after selling 3,361 shares during the quarter. Kingsview Wealth Management LLC's holdings in Advanced Micro Devices were worth $2,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC raised its position in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. raised its position in shares of Advanced Micro Devices by 67.6% during the 1st 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 acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $156.99 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $174.05. The business has a fifty day simple moving average of $127.67 and a 200 day simple moving average of $113.25. The firm has a market cap of $254.54 billion, a price-to-earnings ratio of 115.43, a P/E/G ratio of 2.08 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. As a group, sell-side 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 has initiated a share repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMD. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. The Goldman Sachs Group raised Advanced Micro Devices to a "hold" rating and set a $140.00 price objective for the company in a report on Thursday, July 10th. Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $153.23.

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.

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