Heck Capital Advisors LLC Invests $275,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Heck Capital Advisors LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,274 shares of the semiconductor manufacturer's stock, valued at approximately $275,000.

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

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $4.25 during midday trading on Tuesday, hitting $114.56. The stock had a trading volume of 37,748,913 shares, compared to its average volume of 42,275,512. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock has a 50 day moving average price of $100.08 and a two-hundred day moving average price of $113.34. The company has a market capitalization of $185.75 billion, a PE ratio of 115.72, a P/E/G ratio of 1.11 and a beta of 1.97.

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

Advanced Micro Devices announced that its board has authorized a share buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Summit Insights raised shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. HSBC raised shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a report on Tuesday. Sanford C. Bernstein decreased their price target on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, Wells Fargo & Company cut their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Fourteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

Advanced Micro Devices 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.