Wellington Wealth Strategies LLC. Decreases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wellington Wealth Strategies LLC. decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,672 shares of the semiconductor manufacturer's stock after selling 6,192 shares during the quarter. Wellington Wealth Strategies LLC.'s holdings in Advanced Micro Devices were worth $299,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at $29,000. Summit Securities Group LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth $31,000. Finally, IAG Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred 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 owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD stock traded down $1.35 during mid-day trading on Thursday, reaching $110.71. 29,132,116 shares of the company's stock were exchanged, compared to its average volume of 42,604,311. The company has a market cap of $179.51 billion, a price-to-earnings ratio of 111.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The stock's 50 day moving average is $99.74 and its 200 day moving average is $114.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The firm's revenue was up 35.9% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding 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 often a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on AMD. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Mizuho boosted 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. Loop Capital decreased their price objective on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Summit Insights raised shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company 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.