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

Williams Jones Wealth Management LLC. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 59.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,890 shares of the semiconductor manufacturer's stock after selling 20,642 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in Advanced Micro Devices were worth $1,678,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Woodline Partners LP grew its position in shares of Advanced Micro Devices by 1,134.5% in the fourth quarter. Woodline Partners LP now owns 463,829 shares of the semiconductor manufacturer's stock valued at $56,026,000 after purchasing an additional 426,257 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $17,428,000. Vestment Financial LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $231,000. Victrix Investment Advisors acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $854,000. Finally, Vident Advisory LLC increased its stake in Advanced Micro Devices by 55.1% during the 4th quarter. Vident Advisory LLC now owns 326,484 shares of the semiconductor manufacturer's stock worth $39,436,000 after buying an additional 115,935 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMD shares. 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. Susquehanna dropped their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a report on Thursday, April 24th. TD Cowen increased their target price on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Barclays boosted their price target on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $113.51 on Wednesday. The company has a market cap of $184.05 billion, a P/E ratio of 114.66, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a 50-day moving average of $99.52 and a two-hundred day moving average of $114.51.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was 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. Insiders own 0.06% of the company's stock.

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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