Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,812 shares of the semiconductor manufacturer's stock after buying an additional 3,660 shares during the quarter. Advanced Micro Devices makes up 1.0% of Great Lakes Retirement Inc.'s holdings, making the stock its 29th largest position. Great Lakes Retirement Inc.'s holdings in Advanced Micro Devices were worth $7,892,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mission Wealth Management LP raised its holdings in Advanced Micro Devices by 3.0% in the 1st quarter. Mission Wealth Management LP now owns 33,185 shares of the semiconductor manufacturer's stock worth $3,409,000 after purchasing an additional 980 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in shares of Advanced Micro Devices by 38.1% in the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 5,344 shares of the semiconductor manufacturer's stock valued at $549,000 after buying an additional 1,474 shares in the last quarter. Pflug Koory LLC raised its stake in shares of Advanced Micro Devices by 2.8% during the 1st quarter. Pflug Koory LLC now owns 5,095 shares of the semiconductor manufacturer's stock worth $523,000 after buying an additional 139 shares during the period. Cyndeo Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 5.7% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 25,028 shares of the semiconductor manufacturer's stock valued at $2,571,000 after buying an additional 1,344 shares in the last quarter. Finally, Keystone Wealth Services LLC grew its stake in Advanced Micro Devices by 5.3% in the 1st quarter. Keystone Wealth Services LLC now owns 7,591 shares of the semiconductor manufacturer's stock valued at $780,000 after acquiring an additional 383 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 2.0%

AMD opened at $116.16 on Monday. The business has a 50 day moving average price of $104.51 and a two-hundred day moving average price of $111.15. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a market cap of $188.34 billion, a PE ratio of 117.33, a P/E/G ratio of 1.11 and a beta of 1.99. 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 released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The company's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has initiated a stock buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMD. Raymond James reaffirmed an "outperform" rating and set a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. UBS Group lowered their price objective on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $125.00 price objective (down from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.13.

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.

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