Brick & Kyle Associates Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Brick & Kyle Associates grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 2.5% of Brick & Kyle Associates' holdings, making the stock its 13th biggest holding. Brick & Kyle Associates' holdings in Advanced Micro Devices were worth $5,985,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AMD. KLP Kapitalforvaltning AS acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $65,897,000. Enzi Wealth bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $569,000. Welch Group LLC grew its stake in shares of Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after buying an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC grew its stake in shares of Advanced Micro Devices by 39.5% in the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock valued at $61,896,000 after buying an additional 145,067 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 purchasing an additional 1,441,626 shares during the period. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMD. Dbs Bank downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Loop Capital lowered their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. KeyCorp cut Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Finally, Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $132.58.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business'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 value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Up 3.9%

NASDAQ AMD traded up $4.25 on Tuesday, reaching $114.56. The company had a trading volume of 37,748,913 shares, compared to its average volume of 42,275,512. The stock has a market capitalization of $185.75 billion, a P/E ratio of 115.72, a P/E/G ratio of 1.11 and a beta of 1.97. The company's fifty day moving average is $100.08 and its 200 day moving average is $113.34. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Sell-side analysts anticipate 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 repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.