Financial Engines Advisors L.L.C. Has $206,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Financial Engines Advisors L.L.C. decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,007 shares of the semiconductor manufacturer’s stock after selling 138 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Advanced Micro Devices were worth $206,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Main Street Financial Solutions LLC boosted its stake in Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer’s stock valued at $314,000 after buying an additional 98 shares in the last quarter. Peterson Wealth Services boosted its stake in Advanced Micro Devices by 2.9% in the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer’s stock worth $375,000 after purchasing an additional 103 shares in the last quarter. Lifeworks Advisors LLC boosted its stake in Advanced Micro Devices by 5.6% in the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer’s stock worth $203,000 after purchasing an additional 104 shares in the last quarter. Alaethes Wealth LLC boosted its stake in Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer’s stock worth $1,891,000 after purchasing an additional 115 shares in the last quarter. Finally, Sunflower Bank N.A. boosted its stake in Advanced Micro Devices by 4.3% in the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer’s stock worth $288,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMD. Melius Research raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and boosted their price objective for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Seaport Res Ptn raised Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, April 30th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $120.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, UBS Group boosted their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.21.

Advanced Micro Devices Price Performance

Shares of AMD opened at $174.95 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a 50 day simple moving average of $146.86 and a 200 day simple moving average of $118.91. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $182.50. The firm has a market capitalization of $283.92 billion, a PE ratio of 100.55, a P/E/G ratio of 1.99 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 31.7% compared to the same quarter last year. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has approved 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares of the company’s stock, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the transaction, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. 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.