Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Cut by Andar Capital Management HK Ltd

Key Points

• Andar Capital Management HK Ltd has reduced its stake in Advanced Micro Devices, Inc. by 25.7%, now holding 49,500 shares valued at approximately $5 million, making it the second largest position in their portfolio.
• A number of institutional investors, including Farmers & Merchants Trust Co and American Capital Advisory LLC, have recently increased their stakes in Advanced Micro Devices, reflecting a growing interest among hedge funds.
• Analysts currently have a consensus rating of Moderate Buy for AMD stock, with a price target ranging from $132 to $200 after several upgrades from various firms.

Andar Capital Management HK Ltd decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,500 shares of the semiconductor manufacturer's stock after selling 17,100 shares during the quarter. Advanced Micro Devices makes up approximately 9.8% of Andar Capital Management HK Ltd's portfolio, making the stock its 2nd largest position. Andar Capital Management HK Ltd's holdings in Advanced Micro Devices were worth $5,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in 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 acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC increased its holdings in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the period. Kozak & Associates Inc. lifted its stake in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. Rosenblatt Securities restated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $132.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Barclays lifted their price target on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $110.00 to $175.00 in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.94.

Advanced Micro Devices Stock Down 2.6%

Shares of NASDAQ AMD opened at $171.70 on Friday. The firm has a fifty day simple moving average of $138.58 and a two-hundred day simple moving average of $116.48. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $182.50. 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 firm has a market capitalization of $278.39 billion, a PE ratio of 126.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results 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. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. Advanced Micro Devices's quarterly revenue was up 35.9% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

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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