Toth Financial Advisory Corp. Lowers Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Toth Financial Advisory Corp reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 36.9% in the first quarter, according to its latest SEC filing. The institutional investor owned 6,360 shares of the semiconductor maker after selling 3,720 shares during the quarter. At the end of the last quarter, Toth Financial Advisory Corp’s stake in Advanced Micro Devices was valued at $1,148,000.

Several other major investors also recently modified their holdings in AMD. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the third quarter worth $27,000. Northwest Bank & Trust Co acquired a new stake in Advanced Micro Devices in the fourth quarter worth $28,000. Bare Financial Services Inc acquired a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. Finally, Gables Capital Management Inc. acquired a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, bringing the total transaction amount to $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 $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the shares are currently owned by corporate insiders.

Advanced microdevices price performance

AMD shares opened Friday at $162.21. The company’s 50-day moving average price is $159.12 and its 200-day moving average price is $165.05. Advanced Micro Devices, Inc. it has a 52-week low of $93.11 and a 52-week high of $227.30. The stock has a market capitalization of $262.18 billion, a P/E ratio of 238.55, a P/E ratio of 1.84 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, which was $0.01 topping the consensus estimate of $0.61. Advanced Micro Devices reported a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. In the same quarter last year, the company earned $0.43 EPS. The company’s revenue increased by 2.2% compared to the same quarter last year. Equity analysts are predicting that Advanced Micro Devices, Inc. will report $2.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the subject of several reports from research analysts. Mizuho lowered their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Susquehanna raised their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10th. Piper Sandler reaffirmed an overweight rating and set a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. Finally, Evercore ISI lowered their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have rated the stock with a hold rating and twenty-seven have rated the stock with a buy rating. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.83.

See our latest AMD stock analysis

Advanced Micro Devices company profile

(free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. 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, as well as semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

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