Foundations Investment Advisors LLC Sells 13,884 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Foundations Investment Advisors LLC reduced its stake in Advanced Micro Devices, Inc. by 52.9% in Q1, owning 12,340 shares worth approximately $1.27 million after selling 13,884 shares.
• Several institutional investors, including Main Street Financial Solutions LLC and Peterson Wealth Services, have increased their holdings in AMD, indicating ongoing interest in the stock.
• Analysts have a consensus rating of "Moderate Buy" for Advanced Micro Devices, with a price target of $158.45 following recent upgrades from firms like UBS Group.

Foundations Investment Advisors LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,340 shares of the semiconductor manufacturer's stock after selling 13,884 shares during the quarter. Foundations Investment Advisors LLC's holdings in Advanced Micro Devices were worth $1,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Main Street Financial Solutions LLC grew its stake in shares of Advanced Micro Devices by 3.9% in the fourth 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 grew its stake in shares of Advanced Micro Devices by 2.9% in the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock worth $375,000 after purchasing an additional 103 shares during the last quarter. Lifeworks Advisors LLC grew its stake in shares of Advanced Micro Devices by 5.6% in the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock worth $203,000 after purchasing an additional 104 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its stake in shares of Advanced Micro Devices by 1.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after purchasing an additional 115 shares during the last quarter. Finally, Alaethes Wealth LLC grew its stake in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Sanford C. Bernstein boosted their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Susquehanna boosted their target price on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a "positive" rating in a report on Wednesday. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a "hold" rating and set a $140.00 target price on the stock in a report on Thursday, July 10th. Wells Fargo & Company lifted their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $121.00 to $185.00 and gave the company an "equal weight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $162.94.

Advanced Micro Devices Stock Up 1.2%

NASDAQ:AMD traded up $2.07 on Wednesday, hitting $179.51. The stock had a trading volume of 63,549,276 shares, compared to its average volume of 49,722,936. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The stock has a market cap of $291.06 billion, a P/E ratio of 131.99, a price-to-earnings-growth ratio of 2.35 and a beta of 2.05. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $182.31. The firm's fifty day simple moving average is $136.04 and its two-hundred day simple moving average is $115.69.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the business posted $0.62 EPS. The company's revenue for the quarter was up 35.9% on a year-over-year basis. 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 authorized 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 repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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.