Capital Advisory Group Advisory Services LLC Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Advisory Group Advisory Services LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 45.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,713 shares of the semiconductor manufacturer’s stock after selling 2,245 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Advanced Micro Devices were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

AMD has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $125.00 price target (down previously from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. TD Cowen increased their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Wall Street Zen raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Evercore ISI dropped their target price on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Finally, DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Thursday, May 8th. Fifteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $133.23.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Trading Up 1.2%

Shares of Advanced Micro Devices stock opened at $123.24 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The stock’s 50 day simple moving average is $102.35 and its 200-day simple moving average is $111.74. The stock has a market cap of $199.82 billion, a P/E ratio of 124.49, a P/E/G ratio of 1.11 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping 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%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors 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.