9,176 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,176 shares of the semiconductor manufacturer's stock, valued at approximately $943,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Advanced Micro Devices by 4.0% in the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer's stock worth $1,214,285,000 after buying an additional 450,695 shares in the last quarter. Fiduciary Family Office LLC acquired a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $471,000. Frank Rimerman Advisors LLC raised its stake in shares of Advanced Micro Devices by 44.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 31,381 shares of the semiconductor manufacturer's stock valued at $3,224,000 after purchasing an additional 9,703 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $72,846,000. Finally, Cynosure Group LLC raised its stake in shares of Advanced Micro Devices by 27.8% in the 1st quarter. Cynosure Group LLC now owns 3,634 shares of the semiconductor manufacturer's stock valued at $373,000 after purchasing an additional 790 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Piper Sandler upped their target price on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Raymond James Financial upped their target price on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Mizuho upped their target price on shares of Advanced Micro Devices from $152.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $179.21.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $172.28 on Tuesday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $182.50. The firm's fifty day simple moving average is $145.71 and its 200 day simple moving average is $118.52. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $279.58 billion, a PE ratio of 99.01, a PEG ratio of 2.07 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign 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.

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