Snowden Capital Advisors LLC Sells 2,830 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Snowden Capital Advisors LLC lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 66,604 shares of the semiconductor manufacturer's stock after selling 2,830 shares during the period. Snowden Capital Advisors LLC's holdings in Advanced Micro Devices were worth $8,045,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in Advanced Micro Devices during the fourth quarter worth $65,897,000. Enzi Wealth acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $569,000. Welch Group LLC increased its position in shares of Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after acquiring an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC raised its holdings in shares of Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after acquiring an additional 145,067 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on 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 sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group decreased their price objective on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Argus set a $160.00 price target on Advanced Micro Devices in a report on Thursday, February 6th. Morgan Stanley lowered their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. StockNews.com upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.45.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $114.99 on Friday. The firm's 50 day moving average is $98.53 and its 200 day moving average is $115.48. The stock has a market capitalization of $186.45 billion, a P/E ratio of 116.15, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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. 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 return on equity of 7.42% and a net margin of 6.36%. The business's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.