Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Y.D. More Investments Ltd

Key Points

• Y.D. More Investments Ltd reduced its stake in Advanced Micro Devices (AMD) by 33.3%, now holding 10,105 shares valued at approximately $1,038,000.
• AMD reported a quarterly EPS of $0.48, missing analyst estimates of $0.54, although its revenue was up 31.7% year-over-year, reaching $7.69 billion.
• AMD's board approved a $6.00 billion share repurchase plan, indicating management's belief that the stock may be undervalued.

Y.D. More Investments Ltd reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,105 shares of the semiconductor manufacturer's stock after selling 5,055 shares during the quarter. Y.D. More Investments Ltd's holdings in Advanced Micro Devices were worth $1,038,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Greenline Partners LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $28,000. Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of Advanced Micro Devices by 277.8% during 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 period. American Capital Advisory LLC increased its position in shares of Advanced Micro Devices by 90.3% during 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 increased its position in shares of Advanced Micro Devices by 117.9% during 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. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMD. Barclays raised their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday. Jefferies Financial Group raised their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday, July 16th. Citigroup raised their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Robert W. Baird cut their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company raised their price objective on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $178.56.

Advanced Micro Devices Stock Performance

AMD traded up $0.36 during trading on Friday, hitting $172.76. 68,723,246 shares of the stock were exchanged, compared to its average volume of 66,889,100. The firm has a market capitalization of $280.36 billion, a P/E ratio of 99.29, a PEG ratio of 2.06 and a beta of 1.94. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $182.50. The stock has a fifty day moving average price of $144.55 and a two-hundred day moving average price of $118.25. The company has a quick ratio of 1.97, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion for 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 company's quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has approved a stock 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 buy up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by company 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.