111 Capital Acquires New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

111 Capital acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to 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.

Several other hedge funds also recently added to or reduced their stakes in AMD. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMD shares. Raymond James reaffirmed an "outperform" rating and issued a $120.00 target price (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Melius Research set a $110.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, HSBC raised shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value 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. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 2.6%

AMD traded down $2.96 during trading hours on Friday, reaching $110.07. 36,035,850 shares of the stock traded hands, compared to its average volume of 41,884,741. The company has a market cap of $178.47 billion, a price-to-earnings ratio of 111.18, a PEG ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The firm's fifty day simple moving average is $100.25 and its two-hundred day simple moving average is $112.51.

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 for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the business earned $0.62 EPS. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

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.