Fort Sheridan Advisors LLC Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fort Sheridan Advisors LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 49.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,534 shares of the semiconductor manufacturer's stock after selling 3,398 shares during the period. Fort Sheridan Advisors LLC's holdings in Advanced Micro Devices were worth $363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $28,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $31,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares during the period. Finally, American Capital Advisory LLC increased its position in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday. Stifel Nicolaus reaffirmed a "buy" rating and set a $132.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Friday, June 13th. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, Bank of America increased their target price on Advanced Micro Devices from $130.00 to $175.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $152.58.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $4.47 during trading hours on Wednesday, hitting $160.08. 59,162,865 shares of the stock were exchanged, compared to its average volume of 42,011,188. The company has a market cap of $259.55 billion, a price-to-earnings ratio of 117.71, a price-to-earnings-growth ratio of 1.95 and a beta of 2.05. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $179.75. The stock has a 50-day moving average of $124.22 and a 200 day moving average of $112.46. 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 results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has initiated a stock repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is 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.