Pinnacle Wealth Management Advisory Group LLC Trims Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pinnacle Wealth Management Advisory Group LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,284 shares of the semiconductor manufacturer’s stock after selling 784 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Advanced Micro Devices were worth $748,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenline Partners LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. American Capital Advisory LLC boosted its position in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Kozak & Associates Inc. grew its holdings in Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $30,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares of the company’s stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

AMD has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Monday, June 9th. Jefferies Financial Group lifted their target price on Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Mizuho boosted their price target on Advanced Micro Devices from $152.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. Seaport Res Ptn upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, April 30th. Finally, Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.61.

Read Our Latest Research Report on AMD

Advanced Micro Devices Stock Up 4.3%

Shares of NASDAQ:AMD opened at $173.66 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $174.70. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The firm has a market cap of $281.57 billion, a PE ratio of 127.69, a price-to-earnings-growth ratio of 2.20 and a beta of 2.05. The company has a fifty day simple moving average of $133.42 and a 200 day simple moving average of $114.81.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s revenue was up 35.9% on a year-over-year basis. On average, equities research 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 initiated a stock buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Advanced Micro Devices Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report).

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.