Brooklyn FI LLC Acquires New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Brooklyn FI LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 26,816 shares of the semiconductor manufacturer's stock, valued at approximately $3,239,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Brucke Financial Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $331,000. Azzad Asset Management Inc. ADV raised its position in shares of Advanced Micro Devices by 8.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 11,605 shares of the semiconductor manufacturer's stock valued at $1,402,000 after purchasing an additional 924 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $3,680,000. XY Planning Network Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $451,000. Finally, LM Advisors LLC raised its position in shares of Advanced Micro Devices by 22.8% in the 4th quarter. LM Advisors LLC now owns 2,534 shares of the semiconductor manufacturer's stock valued at $306,000 after purchasing an additional 471 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's 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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Up 0.0%

Shares of NASDAQ:AMD traded up $0.03 during midday trading on Thursday, reaching $112.89. The company's stock had a trading volume of 21,248,307 shares, compared to its average volume of 42,038,867. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. 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 firm has a 50 day moving average price of $100.36 and a two-hundred day moving average price of $113.35. The firm has a market capitalization of $183.04 billion, a price-to-earnings ratio of 114.00, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results 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. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The company's revenue 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 year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. Melius Research set a $110.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. 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 note on Thursday, April 17th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Fifteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $132.58.

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.