Sterling Investment Advisors Ltd. Has $363,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Sterling Investment Advisors Ltd. reduced its holdings in Advanced Micro Devices by 33.2%, now owning 3,532 shares worth $363,000 as of the latest SEC filing.
• Several institutional investors significantly increased their positions in AMD, with Toronto Dominion Bank boosting its holdings by 443.3% in the fourth quarter.
• Advanced Micro Devices is currently facing mixed analytics opinions, with a consensus rating of "Moderate Buy" and a target price of $154.68 based on recent reports from multiple analysts.

Sterling Investment Advisors Ltd. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 33.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,532 shares of the semiconductor manufacturer's stock after selling 1,757 shares during the period. Sterling Investment Advisors Ltd.'s holdings in Advanced Micro Devices were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Semus Wealth Partners LLC bought a new position in Advanced Micro Devices during the 1st quarter worth $226,000. Resolute Wealth Strategies LLC grew its stake in Advanced Micro Devices by 20.0% during the 1st quarter. Resolute Wealth Strategies LLC now owns 2,934 shares of the semiconductor manufacturer's stock worth $301,000 after buying an additional 489 shares during the last quarter. Bedel Financial Consulting Inc. grew its stake in Advanced Micro Devices by 7.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 3,002 shares of the semiconductor manufacturer's stock worth $296,000 after buying an additional 204 shares during the last quarter. ARK Investment Management LLC grew its stake in Advanced Micro Devices by 17.9% during the 1st quarter. ARK Investment Management LLC now owns 1,422,471 shares of the semiconductor manufacturer's stock worth $146,145,000 after buying an additional 215,883 shares during the last quarter. Finally, Empirical Finance LLC grew its stake in Advanced Micro Devices by 1.3% during the 1st quarter. Empirical Finance LLC now owns 55,696 shares of the semiconductor manufacturer's stock worth $5,722,000 after buying an additional 740 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $1.87 during trading on Thursday, hitting $177.65. The company had a trading volume of 45,842,093 shares, compared to its average volume of 44,298,320. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The firm has a market capitalization of $288.03 billion, a P/E ratio of 130.74, a price-to-earnings-growth ratio of 2.35 and a beta of 2.05. The stock's 50-day moving average price is $136.04 and its 200 day moving average price is $115.69. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $182.50.

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

Advanced Micro Devices announced that its board has authorized a share buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in 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 usually a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction 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 directly owned 1,713,710 shares in the company, 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 this hyperlink. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Citigroup upped their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Wedbush reaffirmed an "outperform" rating and set a $120.00 target price (up from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Morgan Stanley set a $185.00 target price on Advanced Micro Devices and gave the company an "equal weight" rating in a report on Wednesday. UBS Group upped their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a report on Monday. Finally, Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a report on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $162.94.

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.