Leo Wealth LLC Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Leo Wealth LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 47.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,148 shares of the semiconductor manufacturer's stock after selling 1,972 shares during the period. Leo Wealth LLC's holdings in Advanced Micro Devices were worth $221,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $65,897,000. Vanguard Group Inc. grew 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 in the last quarter. Toronto Dominion Bank grew its position in shares of Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after purchasing an additional 4,461,609 shares in the last quarter. Nicolet Bankshares Inc. grew its position in shares of Advanced Micro Devices by 56.4% during the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock worth $426,000 after purchasing an additional 1,271 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its holdings in shares of Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after acquiring an additional 29,825 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMD. Robert W. Baird decreased their price target 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. Raymond James Financial reiterated an "outperform" rating and set a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Loop Capital decreased their price objective on shares of 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. Mizuho increased their price objective on shares of Advanced Micro Devices from $135.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Finally, DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.00.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $9.37 during trading on Tuesday, hitting $155.61. 93,204,989 shares of the company were exchanged, compared to its average volume of 41,942,324. The business's 50 day moving average is $123.08 and its 200-day moving average is $112.16. The company has a market capitalization of $252.31 billion, a P/E ratio of 114.42, a price-to-earnings-growth ratio of 1.95 and a beta of 2.05. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $179.75.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates 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 8.30% and a net margin of 8.03%. Advanced Micro Devices's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board 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.