Stratos Investment Management LLC Sells 6,196 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stratos Investment Management LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,284 shares of the semiconductor manufacturer's stock after selling 6,196 shares during the period. Stratos Investment Management LLC's holdings in Advanced Micro Devices were worth $2,803,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AMD. Brighton Jones LLC lifted its stake in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after buying an additional 234 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of Advanced Micro Devices by 12.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after buying an additional 29,825 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Advanced Micro Devices by 36.9% in the fourth quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer's stock valued at $589,000 after buying an additional 1,315 shares during the period. Finally, Andra AP fonden bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $1,583,000. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research report on Monday, June 23rd. Mizuho increased their price target 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. Dbs Bank lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Sanford C. Bernstein reissued a "reduce" rating on shares of Advanced Micro Devices in a research report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.00.

Advanced Micro Devices Trading Up 1.6%

AMD traded up $2.26 during trading on Friday, reaching $146.42. 49,944,990 shares of the company's stock were exchanged, compared to its average volume of 41,762,071. The company's fifty day moving average price is $122.16 and its 200-day moving average price is $112.20. 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, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.99. The firm has a market capitalization of $237.41 billion, a PE ratio of 107.66, a P/E/G ratio of 1.86 and a beta of 2.05.

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

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