Hager Investment Management Services LLC Sells 4,155 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hager Investment Management Services LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 79.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,053 shares of the semiconductor manufacturer's stock after selling 4,155 shares during the quarter. Hager Investment Management Services LLC's holdings in Advanced Micro Devices were worth $108,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMD. Vanguard Group Inc. raised its position in shares of Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. Geode Capital Management LLC grew its stake in Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock worth $4,224,840,000 after buying an additional 835,413 shares during the last quarter. Norges Bank acquired a new stake in Advanced Micro Devices in the fourth quarter worth $2,867,193,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Advanced Micro Devices by 9.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock worth $2,585,079,000 after buying an additional 1,929,225 shares during the period. Finally, Northern Trust Corp lifted its stake in Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after buying an additional 2,874,012 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent analyst reports. Wedbush reissued an "outperform" rating and issued a $120.00 price target (up previously from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. UBS Group lowered their target price on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Citigroup reaffirmed a "hold" rating on shares of Advanced Micro Devices in a research note on Monday. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Loop Capital cut their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. One equities research 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $147.00.

Advanced Micro Devices Stock Up 6.4%

Shares of AMD stock traded up $9.37 on Tuesday, reaching $155.61. 93,204,989 shares of the company's stock traded hands, compared to its average volume of 49,356,892. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $179.75. The company has a market capitalization of $252.31 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 1.95 and a beta of 2.05. 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 business's 50 day moving average price is $123.08 and its two-hundred day moving average price is $112.16.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business 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 quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has approved a stock buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase 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.