Capital Market Strategies LLC Has $264,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Market Strategies LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 53.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,567 shares of the semiconductor manufacturer’s stock after selling 2,944 shares during the quarter. Capital Market Strategies LLC’s holdings in Advanced Micro Devices were worth $264,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $25,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $31,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on AMD. Cantor Fitzgerald restated an “overweight” rating and issued a $120.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Wall Street Zen upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Evercore ISI cut their target price on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Sanford C. Bernstein cut their target price on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus set a $132.00 target price on Advanced Micro Devices in a research note on Monday, April 28th. Fifteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.58.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm’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 $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $113.03 on Friday. The stock’s fifty day moving average is $100.34 and its 200-day moving average is $113.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $183.27 billion, a PE ratio of 114.17, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

About Advanced Micro Devices

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.