USS Investment Management Ltd Sells 5,375 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

USS Investment Management Ltd lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 258,536 shares of the semiconductor manufacturer's stock after selling 5,375 shares during the quarter. USS Investment Management Ltd's holdings in Advanced Micro Devices were worth $31,230,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMD. Segment Wealth Management LLC raised its stake in Advanced Micro Devices by 0.5% in the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after purchasing an additional 87 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in shares of Advanced Micro Devices by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after buying an additional 91 shares during the period. TFG Advisers LLC increased its stake in shares of Advanced Micro Devices by 2.0% in the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after buying an additional 92 shares during the period. BSW Wealth Partners boosted its holdings in Advanced Micro Devices by 1.1% in the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock valued at $1,068,000 after acquiring an additional 94 shares in the last quarter. Finally, DMC Group LLC boosted its holdings in Advanced Micro Devices by 0.8% in the fourth quarter. DMC Group LLC now owns 11,738 shares of the semiconductor manufacturer's stock valued at $1,418,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMD. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. KeyCorp lowered shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Stifel Nicolaus set a $132.00 price target on shares of Advanced Micro Devices in a research report on Monday, April 28th. Finally, Barclays boosted their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $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 can be accessed through this link. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $1.35 during trading on Thursday, reaching $110.71. 29,132,116 shares of the company traded hands, compared to its average volume of 42,585,125. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The stock's 50 day moving average price is $99.74 and its two-hundred day moving average price is $114.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market cap of $179.51 billion, a price-to-earnings ratio of 111.83, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating 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 business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The firm's quarterly revenue was up 35.9% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.

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.