Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,317 shares of the semiconductor manufacturer's stock after selling 14,868 shares during the period. Kintegral Advisory LLC's holdings in Advanced Micro Devices were worth $3,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMD. Greenline Partners LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $28,000. Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $30,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $31,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares in the last quarter. Finally, American Capital Advisory LLC raised its stake in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares during the period. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Wall Street Zen upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Loop Capital dropped their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research note on Monday, June 23rd. Finally, Benchmark restated a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.74.

Advanced Micro Devices Trading Down 0.4%

Shares of Advanced Micro Devices stock traded down $0.59 on Friday, hitting $137.93. 28,645,993 shares of the company traded hands, compared to its average volume of 42,135,071. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The stock's 50 day moving average price is $117.01 and its 200-day moving average price is $111.49. The company has a market cap of $223.64 billion, a PE ratio of 101.42, a PEG ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28.

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, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has initiated a stock 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 purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's 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 directly owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company's stock.

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.