RS Crum Inc. Sells 550 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

RS Crum Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the semiconductor manufacturer’s stock after selling 550 shares during the period. RS Crum Inc.’s holdings in Advanced Micro Devices were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. KLP Kapitalforvaltning AS acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $65,897,000. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $34,366,000. Toronto Dominion Bank increased its position in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock valued at $660,475,000 after acquiring an additional 4,461,609 shares during the period. Finally, Beta Wealth Group Inc. raised its stake in shares of Advanced Micro Devices by 15.1% during the fourth quarter. Beta Wealth Group Inc. now owns 6,100 shares of the semiconductor manufacturer’s stock valued at $737,000 after acquiring an additional 800 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $126.39 on Tuesday. The stock has a market cap of $204.93 billion, a price-to-earnings ratio of 127.67, a PEG ratio of 1.11 and a beta of 1.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The firm’s 50-day simple moving average is $105.48 and its 200 day simple moving average is $111.08.

Advanced Micro Devices (NASDAQ:AMD) last posted 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 return on equity of 7.42% and a net margin of 6.36%. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has initiated 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 7th. Dbs Bank lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $132.00 price objective on shares of Advanced Micro Devices in a research note on Friday. Finally, KeyCorp downgraded shares of Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 8th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $134.61.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the 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 completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

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.