Toth Financial Advisory Corp Sells 4,421 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Toth Financial Advisory Corp trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 73.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,567 shares of the semiconductor manufacturer's stock after selling 4,421 shares during the quarter. Toth Financial Advisory Corp's holdings in Advanced Micro Devices were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $25,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the 4th quarter worth approximately $31,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMD shares. Cantor Fitzgerald reissued an "overweight" rating and set a $120.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Wedbush reissued an "outperform" rating and issued a $120.00 price objective (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Morgan Stanley decreased their price objective on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Fifteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $133.23.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $1.51 during trading on Tuesday, reaching $123.24. The company's stock had a trading volume of 41,549,470 shares, compared to its average volume of 41,555,218. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The stock has a 50-day moving average price of $101.76 and a two-hundred day moving average price of $111.66. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $199.82 billion, a P/E ratio of 124.49, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The company's revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts anticipate 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 initiated a stock 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 purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.