Advanced Micro Devices, Inc. (NASDAQ:AMD) is Sylebra Capital LLC's 6th Largest Position

Sylebra Capital LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 56.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,790,591 shares of the semiconductor manufacturer's stock after acquiring an additional 643,703 shares during the period. Advanced Micro Devices comprises approximately 6.0% of Sylebra Capital LLC's portfolio, making the stock its 6th largest position. Sylebra Capital LLC owned about 0.11% of Advanced Micro Devices worth $216,285,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on AMD shares. Stifel Nicolaus set a $132.00 price target on shares of Advanced Micro Devices in a research report on Monday, April 28th. Benchmark restated a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target for the company in a research report on Thursday, May 8th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Piper Sandler restated an "overweight" rating and set a $125.00 price target (down from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $132.58.

Advanced Micro Devices Price Performance

AMD stock opened at $110.71 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a market cap of $179.51 billion, a P/E ratio of 111.83, a PEG ratio of 1.11 and a beta of 1.97. The firm has a 50-day moving average of $99.87 and a 200 day moving average of $114.29. 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 (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $7.10 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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