Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Decreased by Xn LP

XN LP lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,652 shares of the semiconductor manufacturer's stock after selling 61,293 shares during the quarter. Advanced Micro Devices comprises approximately 1.0% of XN LP's investment portfolio, making the stock its 18th largest holding. XN LP's holdings in Advanced Micro Devices were worth $25,445,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMD. Astoria Portfolio Advisors LLC. grew its stake in Advanced Micro Devices by 5.3% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 1,933 shares of the semiconductor manufacturer's stock valued at $224,000 after acquiring an additional 97 shares during the period. Grove Bank & Trust grew its stake in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Grove Bank & Trust now owns 6,189 shares of the semiconductor manufacturer's stock valued at $748,000 after buying an additional 161 shares during the period. Mandatum Life Insurance Co Ltd increased its stake in Advanced Micro Devices by 1,223.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 28,239 shares of the semiconductor manufacturer's stock worth $3,411,000 after acquiring an additional 26,105 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in Advanced Micro Devices by 58.9% in the 4th quarter. Diversify Wealth Management LLC now owns 27,860 shares of the semiconductor manufacturer's stock valued at $3,233,000 after buying an additional 10,331 shares during the period. Finally, Pine Haven Investment Counsel Inc lifted its holdings in shares of Advanced Micro Devices by 12.8% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 2,357 shares of the semiconductor manufacturer's stock worth $285,000 after acquiring an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 1.2%

AMD stock traded down $1.35 during midday trading on Thursday, hitting $110.71. The stock had a trading volume of 29,132,116 shares, compared to its average volume of 42,604,310. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company's 50-day moving average price is $99.74 and its 200 day moving average price is $114.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market cap of $179.51 billion, a PE ratio of 111.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Insider Activity 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 stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of several research reports. Citigroup reissued a "neutral" rating on shares of Advanced Micro Devices in a research note on Wednesday, May 14th. Melius Research set a $110.00 price target on Advanced Micro Devices in a report on Wednesday, May 7th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Morgan Stanley cut their target price on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Finally, Loop Capital decreased their price objective on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

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.