Brick & Kyle Associates Acquires 2,841 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Brick & Kyle Associates grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,546 shares of the semiconductor manufacturer's stock after purchasing an additional 2,841 shares during the quarter. Advanced Micro Devices makes up about 2.5% of Brick & Kyle Associates' portfolio, making the stock its 13th largest position. Brick & Kyle Associates' holdings in Advanced Micro Devices were worth $5,985,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in Advanced Micro Devices during the fourth quarter worth $65,897,000. Enzi Wealth bought a new position in Advanced Micro Devices during the fourth quarter worth $569,000. Welch Group LLC boosted its stake in Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after acquiring an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC boosted its stake in Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after acquiring an additional 145,067 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $0.00 on Thursday, reaching $112.86. 21,248,307 shares of the company's stock were exchanged, compared to its average volume of 42,039,237. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market cap of $182.99 billion, a price-to-earnings ratio of 114.00, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The stock has a fifty day simple moving average of $100.36 and a 200-day simple moving average of $113.35.

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

Advanced Micro Devices declared that its board has approved a share repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other 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 value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMD shares. Bank of America upped their price objective on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Susquehanna lowered their price objective on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Mizuho upped their price objective on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a report on Thursday, May 8th. Finally, Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Fifteen 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.