Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Saturna Capital Corp

Saturna Capital Corp reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 28.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 864,175 shares of the semiconductor manufacturer's stock after selling 342,850 shares during the quarter. Advanced Micro Devices comprises approximately 1.3% of Saturna Capital Corp's portfolio, making the stock its 27th biggest position. Saturna Capital Corp owned approximately 0.05% of Advanced Micro Devices worth $88,785,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMD. Greenline Partners LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. lifted its holdings in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

AMD stock traded down $3.42 during trading on Friday, reaching $156.99. 48,717,572 shares of the company's stock were exchanged, compared to its average volume of 41,830,141. 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 $174.05. The company's fifty day moving average price is $126.58 and its 200-day moving average price is $113.05. The firm has a market cap of $254.54 billion, a PE ratio of 115.43, a P/E/G ratio of 2.12 and a beta of 2.05.

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, topping 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 company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm's quarterly revenue was up 35.9% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock 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 reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent research reports. Piper Sandler set a $270.00 price target on Advanced Micro Devices and gave the stock an "overweight" rating in a report on Thursday, July 10th. Mizuho increased their price target on Advanced Micro Devices from $152.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday. Wedbush reaffirmed an "outperform" rating and set a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. The Goldman Sachs Group raised Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a report on Thursday, July 10th. Finally, Sanford C. Bernstein reaffirmed a "reduce" rating on shares of Advanced Micro Devices in a report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have given a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $153.23.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.