WealthShield Partners LLC Has $320,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• WealthShield Partners LLC has significantly decreased its stock holdings in Advanced Micro Devices, Inc. (AMD) by 87.9%, now holding only 3,114 shares worth approximately $320,000.
• Several other institutional investors increased their positions in AMD, with Farmers & Merchants Trust Co raising its holdings by 277.8% and American Capital Advisory LLC by 90.3% in the first quarter.
• AMD's stock currently has a consensus rating of “Moderate Buy” among analysts, with a price target averaging $178.56, reflecting increased optimism in the company's performance.

WealthShield Partners LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 87.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,114 shares of the semiconductor manufacturer's stock after selling 22,683 shares during the quarter. WealthShield Partners LLC's holdings in Advanced Micro Devices were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AMD. Greenline Partners LLC bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the last quarter. Finally, Investors Research Corp lifted its holdings in shares of Advanced Micro Devices by 117.9% in the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock worth $31,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Erste Group Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Dbs Bank downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. TD Cowen raised their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays raised their price target on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Loop Capital cut their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $178.56.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The stock was 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 approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $0.36 during mid-day trading on Friday, reaching $172.76. The company had a trading volume of 68,723,246 shares, compared to its average volume of 46,154,086. The company has a current ratio of 2.49, a quick ratio of 1.97 and a debt-to-equity ratio of 0.05. The stock has a market cap of $280.11 billion, a PE ratio of 99.29, a P/E/G ratio of 2.15 and a beta of 1.94. The company has a 50-day moving average price of $143.30 and a two-hundred day moving average price of $117.90. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $182.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The business's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Advanced Micro Devices 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.