Saxony Capital Management LLC Decreases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Saxony Capital Management LLC cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,273 shares of the semiconductor manufacturer’s stock after selling 453 shares during the quarter. Saxony Capital Management LLC’s holdings in Advanced Micro Devices were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $29,000. Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $30,000. Summit Securities Group LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $31,000. Finally, IAG Wealth Partners LLC raised its holdings in Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 118 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMD shares. TD Cowen upped their price target on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Monday, June 9th. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Thursday, May 8th. Robert W. Baird cut their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Finally, Sanford C. Bernstein cut their price target on shares of Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Thirteen analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.19.

Advanced Micro Devices Stock Up 6.8%

AMD stock opened at $138.43 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The firm’s 50-day simple moving average is $109.71 and its 200 day simple moving average is $110.79. The stock has a market cap of $224.45 billion, a PE ratio of 101.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter last year, the company earned $0.62 EPS. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.