Flynn Zito Capital Management LLC Sells 4,885 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Flynn Zito Capital Management LLC reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 29.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,974 shares of the semiconductor manufacturer's stock after selling 4,885 shares during the period. Flynn Zito Capital Management LLC's holdings in Advanced Micro Devices were worth $1,230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Main Street Financial Solutions LLC boosted its position in shares of Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock worth $314,000 after purchasing an additional 98 shares during the last quarter. Peterson Wealth Services lifted its holdings in Advanced Micro Devices by 2.9% during the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after acquiring an additional 103 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in Advanced Micro Devices by 1.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after acquiring an additional 115 shares in the last quarter. Alaethes Wealth LLC lifted its holdings in Advanced Micro Devices by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after acquiring an additional 115 shares in the last quarter. Finally, Sunflower Bank N.A. lifted its holdings in Advanced Micro Devices by 4.3% during the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock worth $288,000 after acquiring an additional 116 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 2.4%

Advanced Micro Devices stock traded up $3.86 during trading hours on Friday, reaching $165.98. 33,866,723 shares of the company's stock were exchanged, compared to its average volume of 43,387,523. 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 firm's 50 day simple moving average is $131.25 and its 200 day simple moving average is $114.24. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $174.05. The firm has a market capitalization of $269.13 billion, a PE ratio of 122.10, a PEG ratio of 2.10 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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. The company 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 8.30% and a net margin of 8.03%. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of analysts have recently commented on AMD shares. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Morgan Stanley cut their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Erste Group Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Wednesday. KeyCorp lowered Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Finally, Robert W. Baird cut their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $154.68.

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.