Mirador Capital Partners LP Has $355,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mirador Capital Partners LP lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 86.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,454 shares of the semiconductor manufacturer's stock after selling 22,283 shares during the period. Mirador Capital Partners LP's holdings in Advanced Micro Devices were worth $355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $29,000. Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Summit Securities Group LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at $31,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $2.89 during midday trading on Thursday, hitting $115.69. The company had a trading volume of 34,020,989 shares, compared to its average volume of 41,592,125. The firm has a 50-day moving average price of $101.12 and a 200-day moving average price of $112.29. The company has a market capitalization of $187.58 billion, a PE ratio of 116.86, a P/E/G ratio of 1.11 and a beta of 1.97. 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, Inc. has a twelve month low of $76.48 and a twelve month 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 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 7.42% and a net margin of 6.36%. Advanced Micro Devices's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has approved a share buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated 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 completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMD shares. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Mizuho upped their price objective on Advanced Micro Devices from $117.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Hsbc Global Res raised shares of Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 27th. 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 report on Wednesday, May 7th. Finally, Robert W. Baird cut 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 note on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $132.58.

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.