Blue Fin Capital Inc. Sells 2,363 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Blue Fin Capital Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,488 shares of the semiconductor manufacturer's stock after selling 2,363 shares during the period. Blue Fin Capital Inc.'s holdings in Advanced Micro Devices were worth $2,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in AMD. Koshinski Asset Management Inc. raised its holdings in Advanced Micro Devices by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock valued at $575,000 after acquiring an additional 91 shares in the last quarter. TFG Advisers LLC grew its holdings in shares of Advanced Micro Devices by 2.0% during the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock valued at $573,000 after purchasing an additional 92 shares during the last quarter. BSW Wealth Partners increased its position in Advanced Micro Devices by 1.1% during the 4th quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock worth $1,068,000 after purchasing an additional 94 shares in the last quarter. DMC Group LLC boosted its position in Advanced Micro Devices by 0.8% in the fourth quarter. DMC Group LLC now owns 11,738 shares of the semiconductor manufacturer's stock valued at $1,418,000 after buying an additional 95 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Advanced Micro Devices by 4.4% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 2,304 shares of the semiconductor manufacturer's stock worth $278,000 after buying an additional 97 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMD. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Sanford C. Bernstein reduced their price target on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

Advanced Micro Devices Stock Down 1.3%

Advanced Micro Devices stock opened at $112.06 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is $99.74 and its two-hundred day moving average price is $114.50. The firm has a market capitalization of $181.69 billion, a price-to-earnings ratio of 113.19, a price-to-earnings-growth 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.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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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