GTS Securities LLC Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GTS Securities LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 77.1% in the 4th quarter, Holdings Channel reports. The firm owned 79,336 shares of the semiconductor manufacturer’s stock after selling 267,626 shares during the period. Advanced Micro Devices makes up about 0.5% of GTS Securities LLC’s portfolio, making the stock its 28th biggest position. GTS Securities LLC’s holdings in Advanced Micro Devices were worth $9,583,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other 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 transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMD shares. Dbs Bank lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a report on Thursday, May 8th. Argus set a $160.00 price target on Advanced Micro Devices in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to 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

Shares of AMD opened at $110.71 on Friday. The firm has a fifty day simple moving average of $99.87 and a two-hundred day simple moving average of $114.29. The firm has a market cap of $179.51 billion, a PE ratio of 111.83, a P/E/G ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28.

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 the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Advanced Micro Devices’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

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.