Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,738 shares of the semiconductor manufacturer's stock after selling 1,828 shares during the quarter. TD Private Client Wealth LLC's holdings in Advanced Micro Devices were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Capital Advisors Inc. OK raised its holdings in shares of Advanced Micro Devices by 36.2% in the 1st quarter. Capital Advisors Inc. OK now owns 7,418 shares of the semiconductor manufacturer's stock valued at $762,000 after purchasing an additional 1,972 shares in the last quarter. Penserra Capital Management LLC raised its stake in Advanced Micro Devices by 59.9% in the first quarter. Penserra Capital Management LLC now owns 186,603 shares of the semiconductor manufacturer's stock worth $19,169,000 after buying an additional 69,870 shares in the last quarter. Traveka Wealth LLC lifted its holdings in Advanced Micro Devices by 46.0% during the first quarter. Traveka Wealth LLC now owns 2,960 shares of the semiconductor manufacturer's stock worth $304,000 after buying an additional 932 shares during the period. Jackson Wealth Management LLC boosted its position in Advanced Micro Devices by 59.3% during the 1st quarter. Jackson Wealth Management LLC now owns 20,575 shares of the semiconductor manufacturer's stock valued at $2,114,000 after acquiring an additional 7,656 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co LLC increased its holdings in shares of Advanced Micro Devices by 3.6% in the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,607 shares of the semiconductor manufacturer's stock valued at $884,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $5.75 during trading hours on Thursday, hitting $144.16. The company had a trading volume of 60,896,933 shares, compared to its average volume of 41,991,124. The business has a 50 day moving average of $120.26 and a 200-day moving average of $111.93. The company has a market cap of $233.74 billion, a PE ratio of 106.00, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. 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 released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The firm's revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts expect 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 buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMD. Benchmark reaffirmed a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Morgan Stanley decreased their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. TD Cowen raised their price target on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. 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. Finally, Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.