Dynamic Advisor Solutions LLC Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Dynamic Advisor Solutions LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 25.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,206 shares of the semiconductor manufacturer's stock after selling 6,920 shares during the period. Dynamic Advisor Solutions LLC's holdings in Advanced Micro Devices were worth $2,076,000 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 business. KLP Kapitalforvaltning AS acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $65,897,000. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after buying an additional 1,441,626 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $34,366,000. Toronto Dominion Bank raised its stake in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after buying an additional 4,461,609 shares during the period. Finally, Beta Wealth Group Inc. raised its stake in Advanced Micro Devices by 15.1% during the 4th quarter. Beta Wealth Group Inc. now owns 6,100 shares of the semiconductor manufacturer's stock worth $737,000 after buying an additional 800 shares during the period. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMD shares. Stifel Nicolaus reaffirmed a "buy" rating and set a $132.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. Barclays increased their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Morgan Stanley lowered their price objective on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Hsbc Global Res raised Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Robert W. Baird lowered their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $134.61.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $0.31 during trading hours on Wednesday, hitting $126.79. 49,442,387 shares of the company's stock traded hands, compared to its average volume of 41,812,839. The firm has a market cap of $205.58 billion, a P/E ratio of 93.23, a P/E/G ratio of 1.64 and a beta of 1.99. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The business's fifty day simple moving average is $106.08 and its two-hundred day simple moving average is $111.19. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06.

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 (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates 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 last year, the company earned $0.62 earnings per share. On average, research 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 approved a stock buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated 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 now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Company 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.