Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Midwest Financial Group LLC

Midwest Financial Group LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,198 shares of the semiconductor manufacturer's stock after selling 2,004 shares during the period. Advanced Micro Devices comprises 2.3% of Midwest Financial Group LLC's holdings, making the stock its 13th largest position. Midwest Financial Group LLC's holdings in Advanced Micro Devices were worth $4,027,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMD. Brighton Jones LLC grew its holdings in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $34,366,000. Revolve Wealth Partners LLC grew its holdings in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Advanced Micro Devices by 12.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after purchasing an additional 29,825 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $44,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on 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 transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMD. Benchmark reaffirmed a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. Piper Sandler lifted their price target on Advanced Micro Devices from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. TD Cowen lifted their price target on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Bank of America lifted their price target 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. Finally, Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $134.61.

Advanced Micro Devices Price Performance

AMD stock opened at $128.24 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. The company has a market capitalization of $207.93 billion, a PE ratio of 94.29, a P/E/G ratio of 1.66 and a beta of 1.99. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The business's fifty day moving average price is $108.14 and its 200 day moving average price is $110.87.

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 (EPS) for the quarter, beating 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 return on equity of 8.30% and a net margin of 8.03%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has approved a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

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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