Marco Investment Management LLC Has $3.13 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Marco Investment Management LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 49.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,442 shares of the semiconductor manufacturer’s stock after selling 30,000 shares during the period. Marco Investment Management LLC’s holdings in Advanced Micro Devices were worth $3,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. Main Street Financial Solutions LLC grew its stake in Advanced Micro Devices by 3.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer’s stock worth $314,000 after buying an additional 98 shares in the last quarter. Peterson Wealth Services grew its stake in Advanced Micro Devices by 2.9% during the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer’s stock worth $375,000 after buying an additional 103 shares in the last quarter. Lifeworks Advisors LLC grew its stake in Advanced Micro Devices by 5.6% during the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer’s stock worth $203,000 after buying an additional 104 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its stake in Advanced Micro Devices by 1.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer’s stock worth $957,000 after buying an additional 115 shares in the last quarter. Finally, Alaethes Wealth LLC grew its stake in Advanced Micro Devices by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer’s stock worth $1,891,000 after buying an additional 115 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a “hold” rating and set a $140.00 price objective on the stock in a research note on Thursday, July 10th. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Erste Group Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Finally, Seaport Res Ptn upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.61.

Advanced Micro Devices Stock Up 4.3%

Advanced Micro Devices stock opened at $173.66 on Tuesday. The firm has a 50 day moving average price of $133.42 and a two-hundred day moving average price of $114.81. The firm has a market cap of $281.57 billion, a price-to-earnings ratio of 127.69, a PEG ratio of 2.20 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $174.70.

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, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. Advanced Micro Devices’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has authorized a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by corporate insiders.

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.