Montag A & Associates Inc. Lowers Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Montag A & Associates Inc. decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,868 shares of the semiconductor manufacturer's stock after selling 3,457 shares during the quarter. Montag A & Associates Inc.'s holdings in Advanced Micro Devices were worth $2,555,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Main Street Financial Solutions LLC boosted its position in shares of Advanced Micro Devices by 3.9% during the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after acquiring an additional 98 shares during the last quarter. Plancorp LLC boosted its stake in Advanced Micro Devices by 2.2% in the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after buying an additional 112 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in Advanced Micro Devices by 1.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after buying an additional 115 shares in the last quarter. Alaethes Wealth LLC boosted its stake in Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after buying an additional 115 shares in the last quarter. Finally, Sunflower Bank N.A. boosted its stake in Advanced Micro Devices by 4.3% in the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock worth $288,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMD. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price objective for the company in a research report on Thursday, July 10th. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. HSBC upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Thursday, July 10th. Finally, Jefferies Financial Group boosted their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $154.68.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Up 2.3%

NASDAQ AMD traded up $3.68 on Thursday, reaching $162.33. 31,204,851 shares of the stock traded hands, compared to its average volume of 43,333,250. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The company has a fifty day moving average price of $130.31 and a 200-day moving average price of $114.02. The company has a market cap of $263.20 billion, a price-to-earnings ratio of 119.46, a PEG ratio of 2.05 and a beta of 2.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $174.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the business posted $0.62 EPS. The business's revenue was up 35.9% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a share repurchase program 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 programs are often a sign that the company's management believes its stock is undervalued.

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.