Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Whittier Trust Co.

Whittier Trust Co. decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,759 shares of the semiconductor manufacturer's stock after selling 3,879 shares during the quarter. Whittier Trust Co.'s holdings in Advanced Micro Devices were worth $2,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. Main Street Financial Solutions LLC raised its position in Advanced Micro Devices by 3.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after acquiring an additional 98 shares in the last quarter. Plancorp LLC raised its position in Advanced Micro Devices by 2.2% during the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock valued at $620,000 after acquiring an additional 112 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its position in Advanced Micro Devices by 1.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $957,000 after acquiring an additional 115 shares in the last quarter. Alaethes Wealth LLC raised its position in Advanced Micro Devices by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after acquiring an additional 115 shares in the last quarter. Finally, Sunflower Bank N.A. raised its position in Advanced Micro Devices by 4.3% during the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock valued at $288,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 0.2%

AMD traded up $0.33 during mid-day trading on Thursday, hitting $160.41. 50,400,461 shares of the stock were exchanged, compared to its average volume of 41,912,371. The firm's fifty day moving average is $125.41 and its two-hundred day moving average is $112.79. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $174.05. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $260.09 billion, a PE ratio of 117.95, a PEG ratio of 2.14 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the company earned $0.62 EPS. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has initiated a stock buyback 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 reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMD shares. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a research report on Thursday, July 10th. Jefferies Financial Group boosted their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Robert W. Baird lowered their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, UBS Group lowered their price target 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $152.58.

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.