GPS Wealth Strategies Group LLC Lowers Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GPS Wealth Strategies Group LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 55.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,626 shares of the semiconductor manufacturer’s stock after selling 11,787 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Advanced Micro Devices were worth $989,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Simon Quick Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 39.4% in the first quarter. Simon Quick Advisors LLC now owns 8,201 shares of the semiconductor manufacturer’s stock worth $843,000 after buying an additional 2,316 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in Advanced Micro Devices by 17.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,757 shares of the semiconductor manufacturer’s stock valued at $181,000 after acquiring an additional 255 shares during the last quarter. CX Institutional lifted its stake in Advanced Micro Devices by 6.8% in the 1st quarter. CX Institutional now owns 15,680 shares of the semiconductor manufacturer’s stock worth $1,611,000 after purchasing an additional 995 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 8,614,342 shares of the semiconductor manufacturer’s stock valued at $885,037,000 after purchasing an additional 73,657 shares during the last quarter. Finally, Kozak & Associates Inc. increased its holdings in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMD shares. Wells Fargo & Company decreased their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. KeyCorp cut Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 8th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, May 27th. Wall Street Zen raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Finally, Susquehanna dropped their price objective on shares of Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. Fifteen 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’s stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $133.23.

Advanced Micro Devices Trading Down 1.7%

NASDAQ:AMD opened at $121.14 on Thursday. The firm has a 50-day simple moving average of $103.06 and a 200-day simple moving average of $111.80. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The firm has a market cap of $196.42 billion, a P/E ratio of 122.36, a P/E/G 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 (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a stock buyback 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication 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.