Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Forum Financial Management LP

Forum Financial Management LP trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,851 shares of the semiconductor manufacturer's stock after selling 4,204 shares during the period. Forum Financial Management LP's holdings in Advanced Micro Devices were worth $2,398,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMD. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 0.5%

Advanced Micro Devices stock traded down $0.60 during midday trading on Wednesday, reaching $113.96. 13,039,018 shares of the stock traded hands, compared to its average volume of 42,161,093. The firm has a market cap of $184.78 billion, a PE ratio of 115.13, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $100.23 and a two-hundred day simple moving average of $113.35. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28.

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 for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the company earned $0.62 earnings per share. The company's revenue was up 35.9% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on 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 sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. HSBC raised shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a report on Tuesday. Summit Insights raised shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Wall Street Zen upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Sanford C. Bernstein dropped their price target on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Fifteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

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.