Pinnacle Wealth Management Advisory Group LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free 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
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:AMD – Get 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
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
- Five stocks we like better than Advanced Micro Devices
- What is a Bond Market Holiday? How to Invest and Trade
- Why the American Eagle Stock Rally Isn’t Just Speculation
- How to Use the MarketBeat Excel Dividend Calculator
- D-Wave, SuperQ, and Verge: A New Path Forward for Quantum?
- What is a SEC Filing?
- 4 Stocks Planning to Substantially Boost Buybacks After Solid Q2
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:AMD – Free Report).
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.