Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC significantly reduced its stake in Advanced Micro Devices, Inc. by 92.9%, owning 7,084 shares worth $728,000 at the end of the 1st quarter.
• In contrast, Goldman Sachs Group Inc. increased its AMD position by 169.7%, acquiring over 6 million shares valued at approximately $1.01 billion.
• AMD's recent quarterly earnings revealed a $0.48 EPS, missing analyst expectations, although revenue rose by 31.7% year-over-year.

Exencial Wealth Advisors LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 92.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,084 shares of the semiconductor manufacturer's stock after selling 92,098 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMD. Toronto Dominion Bank grew its position in shares of Advanced Micro Devices by 443.3% in 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 last quarter. Nicolet Bankshares Inc. increased its position in shares of Advanced Micro Devices by 56.4% during the fourth quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock worth $426,000 after purchasing an additional 1,271 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares in the last quarter. Heritage Trust Co purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $804,000. Finally, Valicenti Advisory Services Inc. boosted its position in shares of Advanced Micro Devices by 4.0% in the 1st quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock worth $7,893,000 after purchasing an additional 2,944 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AMD. Bank of America increased their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price objective on the stock in a report on Thursday, July 10th. Evercore ISI lifted their target price on shares of Advanced Micro Devices from $144.00 to $188.00 and gave the stock an "outperform" rating in a research note on Wednesday. Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and upped their price target for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Finally, Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Thirteen analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $178.56.

Advanced Micro Devices Price Performance

AMD traded up $0.36 during trading on Friday, hitting $172.76. The company's stock had a trading volume of 68,723,246 shares, compared to its average volume of 66,889,100. The firm has a market capitalization of $280.36 billion, a price-to-earnings ratio of 99.29, a P/E/G ratio of 2.06 and a beta of 1.94. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $182.50. The business's fifty day simple moving average is $144.55 and its 200 day simple moving average is $118.25. The company has a current ratio of 2.49, a quick ratio of 1.97 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 EPS. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has approved a stock buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

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.