Calamos Advisors LLC Sells 44,877 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Calamos Advisors LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 403,446 shares of the semiconductor manufacturer's stock after selling 44,877 shares during the period. Calamos Advisors LLC's holdings in Advanced Micro Devices were worth $41,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aurora Private Wealth Inc. bought a new position in Advanced Micro Devices during the first quarter valued at about $211,000. Checchi Capital Advisers LLC grew its stake in shares of Advanced Micro Devices by 1.4% in the 1st quarter. Checchi Capital Advisers LLC now owns 8,559 shares of the semiconductor manufacturer's stock valued at $879,000 after purchasing an additional 118 shares during the period. North Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at approximately $40,000. D.A. Davidson & CO. grew its stake in shares of Advanced Micro Devices by 12.2% in the 1st quarter. D.A. Davidson & CO. now owns 33,307 shares of the semiconductor manufacturer's stock valued at $3,422,000 after purchasing an additional 3,633 shares during the period. Finally, Mutual Advisors LLC grew its stake in shares of Advanced Micro Devices by 10.2% in the 1st quarter. Mutual Advisors LLC now owns 55,704 shares of the semiconductor manufacturer's stock valued at $5,384,000 after purchasing an additional 5,141 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 0.4%

NASDAQ:AMD traded down $0.59 during trading hours on Friday, hitting $137.93. 28,645,993 shares of the stock were exchanged, compared to its average volume of 42,055,866. The company's 50 day moving average is $117.84 and its two-hundred day moving average is $111.51. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $223.64 billion, a P/E ratio of 101.42, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has authorized 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler upped their price objective on Advanced Micro Devices from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Loop Capital lowered their price objective on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Hsbc Global Res upgraded Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 27th. UBS Group lowered their price objective on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $138.74.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.