Provident Co of the Employees of the Hebrew University LTD Acquires Shares of 12,672 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Provident Co of the Employees of the Hebrew University LTD purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,672 shares of the semiconductor manufacturer's stock, valued at approximately $1,301,000. Advanced Micro Devices makes up about 1.5% of Provident Co of the Employees of the Hebrew University LTD's portfolio, making the stock its 28th largest position.

Other large investors have also recently modified their holdings of the company. Main Street Financial Solutions LLC lifted its position in shares of 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 worth $314,000 after purchasing an additional 98 shares during the period. BCM Advisors LLC raised its stake in Advanced Micro Devices by 0.9% in the fourth quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer's stock worth $1,366,000 after buying an additional 103 shares in the last quarter. Plancorp LLC lifted its holdings in Advanced Micro Devices by 2.2% during the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after buying an additional 112 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in Advanced Micro Devices by 1.5% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $957,000 after acquiring an additional 115 shares in the last quarter. Finally, Alaethes Wealth LLC increased its holdings in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after acquiring an additional 115 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $0.59 during mid-day trading on Friday, hitting $137.93. The company's stock had a trading volume of 28,645,993 shares, compared to its average volume of 42,135,071. The business's fifty day moving average is $117.01 and its two-hundred day moving average is $111.49. The stock has a market cap of $223.64 billion, a price-to-earnings ratio of 101.42, a PEG ratio of 1.79 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was 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 owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMD shares. Stifel Nicolaus reaffirmed a "buy" rating and set a $132.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Wells Fargo & Company lowered their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Barclays boosted their price objective on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target on the stock in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.74.

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.