Wealth Advisory Solutions LLC Reduces Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealth Advisory Solutions LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,299 shares of the semiconductor manufacturer's stock after selling 2,002 shares during the period. Wealth Advisory Solutions LLC's holdings in Advanced Micro Devices were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AMD. LBP AM SA boosted its position in Advanced Micro Devices by 20.5% during the 1st quarter. LBP AM SA now owns 620,786 shares of the semiconductor manufacturer's stock worth $63,780,000 after buying an additional 105,606 shares during the period. Rehmann Capital Advisory Group boosted its position in Advanced Micro Devices by 4.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 8,474 shares of the semiconductor manufacturer's stock worth $871,000 after buying an additional 348 shares during the period. GFG Capital LLC boosted its position in Advanced Micro Devices by 51.3% during the 1st quarter. GFG Capital LLC now owns 9,207 shares of the semiconductor manufacturer's stock worth $946,000 after buying an additional 3,120 shares during the period. Linden Thomas Advisory Services LLC boosted its position in Advanced Micro Devices by 6.6% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 21,171 shares of the semiconductor manufacturer's stock worth $2,175,000 after buying an additional 1,316 shares during the period. Finally, Greenleaf Trust boosted its position in Advanced Micro Devices by 1.4% during the 1st quarter. Greenleaf Trust now owns 36,039 shares of the semiconductor manufacturer's stock worth $3,703,000 after buying an additional 500 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 1.6%

AMD traded up $2.26 during mid-day trading on Friday, reaching $146.42. 49,944,990 shares of the stock were exchanged, compared to its average volume of 41,725,687. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The stock has a market capitalization of $237.41 billion, a PE ratio of 107.66, a price-to-earnings-growth ratio of 1.89 and a beta of 2.05. The company has a 50 day moving average price of $122.16 and a two-hundred day moving average price of $112.11. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $185.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. As a group, research 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 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 repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a "buy" rating and issued a $132.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a research report on Thursday. Citigroup boosted their price target on shares of Advanced Micro Devices from $120.00 to $145.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. Evercore ISI set a $144.00 price target on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Friday, June 13th. Finally, Dbs Bank downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have given a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $147.00.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated 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 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 hyperlink. 0.06% of the stock is owned by corporate insiders.

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.