Shelton Wealth Management LLC Sells 6,203 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Shelton Wealth Management LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 32.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,089 shares of the semiconductor manufacturer's stock after selling 6,203 shares during the quarter. Shelton Wealth Management LLC's holdings in Advanced Micro Devices were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stableford Capital II LLC raised its holdings in Advanced Micro Devices by 64.8% in the 1st quarter. Stableford Capital II LLC now owns 9,388 shares of the semiconductor manufacturer's stock worth $965,000 after purchasing an additional 3,692 shares in the last quarter. Proathlete Wealth Management LLC bought a new position in Advanced Micro Devices in the 1st quarter worth $56,000. Osborne Partners Capital Management LLC raised its holdings in Advanced Micro Devices by 11.1% in the 1st quarter. Osborne Partners Capital Management LLC now owns 106,974 shares of the semiconductor manufacturer's stock worth $10,991,000 after purchasing an additional 10,709 shares in the last quarter. ORG Partners LLC raised its holdings in Advanced Micro Devices by 189.9% in the 1st quarter. ORG Partners LLC now owns 4,520 shares of the semiconductor manufacturer's stock worth $465,000 after purchasing an additional 2,961 shares in the last quarter. Finally, Trifecta Capital Advisors LLC raised its holdings in Advanced Micro Devices by 3.5% in the 1st quarter. Trifecta Capital Advisors LLC now owns 26,991 shares of the semiconductor manufacturer's stock worth $2,773,000 after purchasing an additional 907 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $126.79 on Friday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company's 50-day moving average is $107.44 and its 200 day moving average is $111.19. The company has a market capitalization of $205.58 billion, a price-to-earnings ratio of 93.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. Advanced Micro Devices's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Analyst Ratings Changes

AMD has been the subject of several research reports. 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 report on Wednesday, May 7th. Benchmark restated a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a report on Monday, June 9th. Finally, Robert W. Baird decreased their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $134.61.

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.

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