Capital Asset Advisory Services LLC Has $203,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Asset Advisory Services LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 60.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,968 shares of the semiconductor manufacturer’s stock after selling 2,983 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Advanced Micro Devices were worth $203,000 at the end of the most recent reporting period.

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

Advanced Micro Devices Stock Up 1.1%

Shares of Advanced Micro Devices stock opened at $118.58 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business has a 50-day moving average of $100.86 and a two-hundred day moving average of $112.45. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a market capitalization of $192.27 billion, a P/E ratio of 119.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS 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 buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMD shares. Sanford C. Bernstein decreased their price objective on shares of Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Piper Sandler restated an “overweight” rating and issued a $125.00 price objective (down previously from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Seaport Res Ptn upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, April 30th. Fifteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.58.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate 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.