Archer Investment Corp Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Archer Investment Corp lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 74.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,114 shares of the semiconductor manufacturer's stock after selling 3,320 shares during the period. Archer Investment Corp's holdings in Advanced Micro Devices were worth $114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Greenline Partners LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC increased its stake in Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. grew its position in shares of Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. Loop Capital lowered their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Melius Research raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and raised their price target for the stock from $110.00 to $175.00 in a report on Monday, June 23rd. The Goldman Sachs Group raised Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a report on Thursday, July 10th. TD Cowen lifted their target price on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Evercore ISI set a $144.00 target price on Advanced Micro Devices and gave the stock an "outperform" rating in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $153.23.

Advanced Micro Devices Stock Down 2.1%

Shares of AMD traded down $3.42 during mid-day trading on Friday, reaching $156.99. The company's stock had a trading volume of 48,717,572 shares, compared to its average volume of 41,807,326. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $174.05. The stock has a market cap of $254.54 billion, a PE ratio of 115.43, a price-to-earnings-growth ratio of 2.08 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The company's 50 day moving average is $127.67 and its 200 day moving average is $113.25.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period last year, the firm earned $0.62 EPS. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a share buyback program 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 shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

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.