111 Capital Buys New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

111 Capital acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,688 shares of the semiconductor manufacturer's stock, valued at approximately $808,000.

Other hedge funds have also bought and sold shares of the company. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $31,000. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a report on Thursday, May 8th. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Raymond James restated an "outperform" rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Wedbush restated an "outperform" rating and set a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $132.58.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $2.96 during midday trading on Friday, reaching $110.07. The stock had a trading volume of 36,035,850 shares, compared to its average volume of 41,992,038. The stock has a 50-day moving average of $100.34 and a 200-day moving average of $113.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $178.47 billion, a price-to-earnings ratio of 111.18, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a stock buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

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.