Glen Eagle Advisors LLC Has $124,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Glen Eagle Advisors LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,027 shares of the semiconductor manufacturer’s stock after selling 223 shares during the period. Glen Eagle Advisors LLC’s holdings in Advanced Micro Devices were worth $124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $25,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at about $29,000. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $31,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMD. Mizuho lifted their target price on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday. Evercore ISI decreased their target price on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $135.00 to $120.00 in a research note on Thursday, March 27th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Finally, Bank of America raised their price objective on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.58.

Advanced Micro Devices Price Performance

AMD opened at $112.06 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a fifty day simple moving average of $99.74 and a 200 day simple moving average of $114.50. The stock has a market cap of $181.69 billion, a P/E ratio of 113.19, a P/E/G 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 EPS for the quarter, topping 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 firm posted $0.62 earnings per share. Advanced Micro Devices’s revenue was up 35.9% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction dated 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 directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

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.