Mirador Capital Partners LP Has $4.47 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mirador Capital Partners LP cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 24,746 shares of the semiconductor manufacturer’s stock after selling 719 shares during the quarter. Mirador Capital Partners LP’s holdings in Advanced Micro Devices were worth $4,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $28,000. Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $29,000. Gables Capital Management Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of a number of recent research reports. TD Cowen raised their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Barclays lifted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. UBS Group cut their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Roth Mkm decreased their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Susquehanna upped their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Down 3.3 %

AMD traded down $5.40 on Monday, hitting $156.81. 5,266,657 shares of the company were exchanged, compared to its average volume of 64,673,059. The stock’s fifty day moving average is $159.12 and its 200-day moving average is $165.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market cap of $253.45 billion, a PE ratio of 238.55, a PEG ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

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.