Wealthspire Advisors LLC Sells 1,517 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealthspire Advisors LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,527 shares of the semiconductor manufacturer's stock after selling 1,517 shares during the period. Wealthspire Advisors LLC's holdings in Advanced Micro Devices were worth $979,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Greenline Partners LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $28,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC boosted its holdings in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the period. Finally, Investors Research Corp raised its holdings in shares of Advanced Micro Devices by 117.9% in the first quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock valued at $31,000 after acquiring an additional 165 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMD shares. Wells Fargo & Company increased their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the stock a "buy" rating in a report on Friday, June 13th. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Stifel Nicolaus raised their target price on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $178.56.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Trading Up 0.2%

AMD stock traded up $0.36 during trading on Friday, reaching $172.76. 68,723,246 shares of the stock traded hands, compared to its average volume of 66,889,100. The firm has a market capitalization of $280.36 billion, a PE ratio of 99.29, a P/E/G ratio of 2.06 and a beta of 1.94. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $182.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.97. The business's 50 day moving average price is $144.55 and its 200-day moving average price is $118.25.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The company's revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has initiated a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

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.