Successful Portfolios LLC Sells 308 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Successful Portfolios LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,311 shares of the semiconductor manufacturer’s stock after selling 308 shares during the quarter. Successful Portfolios LLC’s holdings in Advanced Micro Devices were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. TFG Advisers LLC raised its stake in Advanced Micro Devices by 2.0% during the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer’s stock valued at $573,000 after purchasing an additional 92 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Advanced Micro Devices by 4.4% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock valued at $278,000 after buying an additional 97 shares in the last quarter. L.M. Kohn & Company raised its stake in shares of Advanced Micro Devices by 1.4% in the 4th quarter. L.M. Kohn & Company now owns 6,973 shares of the semiconductor manufacturer’s stock valued at $842,000 after buying an additional 97 shares in the last quarter. Main Street Financial Solutions LLC raised its stake in shares of Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer’s stock valued at $314,000 after buying an additional 98 shares in the last quarter. Finally, BCM Advisors LLC raised its stake in shares of Advanced Micro Devices by 0.9% in the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer’s stock valued at $1,366,000 after buying an additional 103 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $116.19 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year 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. The firm has a fifty day simple moving average of $101.39 and a 200 day simple moving average of $112.13. The stock has a market capitalization of $188.39 billion, a PE ratio of 117.36, 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 for the quarter, beating the consensus estimate 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 analysts’ expectations of $7.10 billion. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue was up 35.9% on a year-over-year basis. On average, 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 approved a share buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMD shares. HSBC upgraded shares of Advanced Micro Devices from a “reduce” rating to a “hold” rating in a research note on Tuesday, May 27th. Barclays upped their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Jefferies Financial Group lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Finally, UBS Group lowered 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 report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $132.58.

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.