First United Bank & Trust Sells 3,147 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

First United Bank & Trust lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 31.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,746 shares of the semiconductor manufacturer's stock after selling 3,147 shares during the period. First United Bank & Trust's holdings in Advanced Micro Devices were worth $693,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $2,867,193,000. Toronto Dominion Bank boosted its holdings in shares of 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 valued at $660,475,000 after buying an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after buying an additional 2,889,739 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after buying an additional 2,238,866 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. Loop Capital dropped their target price 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. Raymond James restated an "outperform" rating and set a $120.00 target price (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Friday. Morgan Stanley lowered their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Finally, HSBC raised Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $134.13.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $2.34 during trading hours on Friday, reaching $116.16. 39,620,655 shares of the stock traded hands, compared to its average volume of 41,413,918. The company has a 50 day moving average price of $104.51 and a 200 day moving average price of $111.33. The firm has a market capitalization of $188.34 billion, a price-to-earnings ratio of 117.33, a P/E/G ratio of 1.11 and a beta of 1.99. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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

Advanced Micro Devices declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company's stock.

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.