Triumph Capital Management Sells 5,603 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Triumph Capital Management lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,724 shares of the semiconductor manufacturer's stock after selling 5,603 shares during the quarter. Triumph Capital Management's holdings in Advanced Micro Devices were worth $1,821,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew 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 worth $1,001,000 after purchasing an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG grew 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 worth $31,958,000 after purchasing an additional 29,825 shares during the last quarter. Congress Wealth Management LLC DE grew its stake in shares of Advanced Micro Devices by 44.7% in the fourth quarter. Congress Wealth Management LLC DE now owns 19,624 shares of the semiconductor manufacturer's stock worth $2,370,000 after purchasing an additional 6,060 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $227,000. Institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $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 is available at this link. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

AMD traded up $4.35 during mid-day trading on Friday, reaching $166.47. 53,186,893 shares of the company traded hands, compared to its average volume of 46,238,572. The stock has a market capitalization of $269.91 billion, a P/E ratio of 122.40, a P/E/G ratio of 2.14 and a beta of 2.05. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The company's fifty day moving average price is $132.24 and its 200-day moving average price is $114.51. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $174.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $7.10 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on AMD. UBS Group cut their target price on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. HSBC upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Thursday, July 10th. Stifel Nicolaus restated a "buy" rating and issued a $132.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Finally, Mizuho raised their price objective on shares of Advanced Micro Devices from $152.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.68.

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.