Diversify Advisory Services LLC Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Diversify Advisory Services LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 30.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,556 shares of the semiconductor manufacturer's stock after purchasing an additional 52,379 shares during the quarter. Advanced Micro Devices comprises approximately 1.4% of Diversify Advisory Services LLC's holdings, making the stock its 12th largest position. Diversify Advisory Services LLC's holdings in Advanced Micro Devices were worth $21,763,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ping Capital Management Inc. boosted its position in shares of Advanced Micro Devices by 66.7% in the 1st quarter. Ping Capital Management Inc. now owns 3,000 shares of the semiconductor manufacturer's stock worth $308,000 after purchasing an additional 1,200 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in Advanced Micro Devices by 7.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,044,996 shares of the semiconductor manufacturer's stock valued at $518,337,000 after acquiring an additional 339,408 shares in the last quarter. Outfitter Financial LLC lifted its position in Advanced Micro Devices by 12.7% in the 1st quarter. Outfitter Financial LLC now owns 3,500 shares of the semiconductor manufacturer's stock valued at $360,000 after acquiring an additional 395 shares in the last quarter. Mandatum Life Insurance Co Ltd lifted its position in Advanced Micro Devices by 86.4% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 52,634 shares of the semiconductor manufacturer's stock valued at $5,408,000 after acquiring an additional 24,395 shares in the last quarter. Finally, Transce3nd LLC lifted its position in Advanced Micro Devices by 4.2% in the 1st quarter. Transce3nd LLC now owns 6,666 shares of the semiconductor manufacturer's stock valued at $679,000 after acquiring an additional 270 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. HSBC raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective on the stock in a research report on Thursday, July 10th. Jefferies Financial Group upped their price objective on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Susquehanna lowered their price objective on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Finally, Citigroup increased their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $153.23.

Advanced Micro Devices Price Performance

AMD stock traded down $3.42 during trading on Friday, reaching $156.99. The company's stock had a trading volume of 48,717,572 shares, compared to its average volume of 41,830,141. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $174.05. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $254.54 billion, a P/E ratio of 115.43, a price-to-earnings-growth ratio of 2.12 and a beta of 2.05. The company's fifty day moving average is $127.67 and its 200-day moving average is $113.30.

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, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business posted $0.62 EPS. Advanced Micro Devices's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling 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 stock was 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 owned 1,713,710 shares in the company, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

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.