Toth Financial Advisory Corp Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Toth Financial Advisory Corp lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 36.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,360 shares of the semiconductor manufacturer’s stock after selling 3,720 shares during the quarter. Toth Financial Advisory Corp’s holdings in Advanced Micro Devices were worth $1,148,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AMD. Vanguard Group Inc. grew its stake in shares of Advanced Micro Devices by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after purchasing an additional 2,390,558 shares during the period. Fisher Asset Management LLC grew its stake in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after purchasing an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Jennison Associates LLC grew its stake in shares of Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Finally, Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $3,426,529,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.7 %

Shares of AMD stock opened at $162.21 on Friday. The firm has a market cap of $262.18 billion, a P/E ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm’s 50-day simple moving average is $159.12 and its 200-day simple moving average is $165.05.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm posted $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. Roth Mkm lowered their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Morgan Stanley cut shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective on the stock. in a research note on Monday, June 10th. Barclays increased their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Advanced Micro Devices Company 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.