Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Milestones Administradora de Recursos Ltda.

Milestones Administradora de Recursos Ltda. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 160.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,840 shares of the semiconductor manufacturer's stock after buying an additional 13,440 shares during the period. Advanced Micro Devices makes up about 1.1% of Milestones Administradora de Recursos Ltda.'s investment portfolio, making the stock its 17th largest holding. Milestones Administradora de Recursos Ltda.'s holdings in Advanced Micro Devices were worth $2,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC lifted its position in Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. lifted its position in Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth approximately $30,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 2.1%

AMD stock opened at $156.99 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $174.05. The company has a 50-day moving average of $127.67 and a two-hundred day moving average of $113.25. The stock has a market capitalization of $254.54 billion, a price-to-earnings ratio of 115.43, a price-to-earnings-growth ratio of 2.08 and a beta of 2.05.

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, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The business's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on AMD. Evercore ISI set a $144.00 price target on Advanced Micro Devices and gave the company an "outperform" rating in a report on Friday, June 13th. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a report on Thursday, May 8th. Benchmark reaffirmed a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Robert W. Baird dropped their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Finally, Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.23.

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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