Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Gradient Investments LLC

Gradient Investments LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 97.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,161 shares of the semiconductor manufacturer's stock after selling 126,322 shares during the quarter. Gradient Investments LLC's holdings in Advanced Micro Devices were worth $325,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMD. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Greenline Partners LLC bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $31,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $120.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Citigroup reiterated a "neutral" rating on shares of Advanced Micro Devices in a report on Wednesday, May 14th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group cut Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Fifteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $132.58.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction 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 transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 2.4%

Shares of NASDAQ:AMD traded down $2.89 on Thursday, hitting $115.69. 34,020,989 shares of the company's stock were exchanged, compared to its average volume of 41,667,256. The firm's 50-day moving average is $100.86 and its 200 day moving average is $112.45. The company has a market capitalization of $187.58 billion, a PE ratio of 116.86, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors 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.