Hudson Valley Investment Advisors Inc. ADV Sells 56,059 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hudson Valley Investment Advisors Inc. ADV reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 63.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,633 shares of the semiconductor manufacturer's stock after selling 56,059 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in Advanced Micro Devices were worth $3,353,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Advanced Micro Devices in the 4th quarter valued at $34,366,000. Revolve Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares during the period. Money Concepts Capital Corp boosted its holdings in Advanced Micro Devices by 3.8% in the 4th quarter. Money Concepts Capital Corp now owns 4,355 shares of the semiconductor manufacturer's stock valued at $526,000 after purchasing an additional 158 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its holdings in Advanced Micro Devices by 267.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 389 shares of the semiconductor manufacturer's stock valued at $47,000 after purchasing an additional 283 shares during the period. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AMD. Dbs Bank downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Susquehanna lowered their price objective on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Loop Capital reduced their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, UBS Group reduced 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. Fifteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned 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 target price of $132.58.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $116.19 on Friday. The company has a market cap of $188.39 billion, a price-to-earnings ratio of 117.36, a PEG ratio of 1.11 and a beta of 1.99. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company's fifty day simple moving average is $101.39 and its 200 day simple moving average is $112.13. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results 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 net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. On average, research analysts forecast 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 initiated a share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Advanced Micro Devices 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.

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