Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,633 shares of the semiconductor manufacturer's stock after selling 2,324 shares during the period. Centaurus Financial Inc.'s holdings in Advanced Micro Devices were worth $3,459,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Lighthouse Financial LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $702,000. Probity Advisors Inc. grew its position in Advanced Micro Devices by 14.7% in the 4th quarter. Probity Advisors Inc. now owns 7,720 shares of the semiconductor manufacturer's stock worth $932,000 after purchasing an additional 992 shares in the last quarter. Audent Global Asset Management LLC increased its position in shares of Advanced Micro Devices by 240.3% during the fourth quarter. Audent Global Asset Management LLC now owns 35,992 shares of the semiconductor manufacturer's stock valued at $4,347,000 after acquiring an additional 25,414 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $52,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $186,718,000. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho boosted their target price on Advanced Micro Devices from $117.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. Evercore ISI cut their price target on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Loop Capital decreased their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $125.00 target price (down previously from $140.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Advanced Micro Devices Stock Up 0.2%

Shares of NASDAQ AMD traded up $0.17 during trading on Thursday, hitting $113.03. 30,469,636 shares of the company traded hands, compared to its average volume of 42,015,600. The firm has a market capitalization of $183.27 billion, a price-to-earnings ratio of 114.17, a P/E/G ratio of 1.11 and a beta of 1.97. The business's fifty day moving average is $100.36 and its 200 day moving average is $113.35. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the company earned $0.62 EPS. The firm's revenue was up 35.9% compared to the same quarter last year. Equities research 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 of Directors has initiated a share buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company's 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 sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company 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.