Toth Financial Advisory Corp Sells 4,421 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Toth Financial Advisory Corp reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 73.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,567 shares of the semiconductor manufacturer’s stock after selling 4,421 shares during the period. Toth Financial Advisory Corp’s holdings in Advanced Micro Devices were worth $161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $30,000. Finally, Summit Securities Group LLC purchased a new position in Advanced Micro Devices in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Robert W. Baird reduced their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. UBS Group decreased their target price on shares of Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. HSBC raised shares of Advanced Micro Devices from a “reduce” rating to a “hold” rating in a research note on Tuesday, May 27th. Melius Research set a $110.00 price target on Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Hsbc Global Res upgraded Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, May 27th. Fifteen equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.23.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were 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 directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Up 4.8%

AMD opened at $121.73 on Tuesday. The stock has a market capitalization of $197.37 billion, a price-to-earnings ratio of 122.96, a PEG ratio of 1.11 and a beta of 1.99. The firm has a 50 day moving average price of $101.76 and a 200-day moving average price of $111.66. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has approved a stock repurchase plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is 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.