Integrated Advisors Network LLC Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Integrated Advisors Network LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 26.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,204 shares of the semiconductor manufacturer's stock after selling 5,805 shares during the quarter. Integrated Advisors Network LLC's holdings in Advanced Micro Devices were worth $1,665,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMD. Brighton Jones LLC grew its holdings in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $34,366,000. Revolve Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Advanced Micro Devices by 16,019.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 397,030 shares of the semiconductor manufacturer's stock worth $440,000 after purchasing an additional 394,567 shares during the period. Finally, Focus Financial Network Inc. lifted its holdings in shares of Advanced Micro Devices by 3.8% in the 4th quarter. Focus Financial Network Inc. now owns 10,859 shares of the semiconductor manufacturer's stock worth $1,312,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. Dbs Bank downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday. Roth Capital lifted their price objective on Advanced Micro Devices from $125.00 to $150.00 and gave the stock a "buy" rating in a report on Friday. Robert W. Baird cut their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, 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. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $134.13.

Advanced Micro Devices Trading Down 2.3%

AMD stock traded down $2.69 on Friday, reaching $115.82. The company's stock had a trading volume of 29,311,460 shares, compared to its average volume of 41,360,822. The business has a fifty day simple moving average of $103.76 and a two-hundred day simple moving average of $111.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market cap of $187.78 billion, a PE ratio of 117.07, a PEG ratio of 1.11 and a beta of 1.99. 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 released its quarterly 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 company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm's revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a share repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on 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 directly owns 1,713,710 shares in the company, valued at $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 is available through this link. Corporate insiders own 0.06% of the company's stock.

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.