Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by 4WEALTH Advisors Inc.

4WEALTH Advisors Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 46.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,145 shares of the semiconductor manufacturer's stock after purchasing an additional 1,635 shares during the period. 4WEALTH Advisors Inc.'s holdings in Advanced Micro Devices were worth $529,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of 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. Toronto Dominion Bank increased its stake in Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after acquiring an additional 4,461,609 shares during the last quarter. Nicolet Bankshares Inc. boosted its holdings in Advanced Micro Devices by 56.4% during the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock valued at $426,000 after acquiring an additional 1,271 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after acquiring an additional 29,825 shares during the period. Finally, Heritage Trust Co bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $804,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMD. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a research report on Thursday, May 8th. KeyCorp lowered shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein boosted their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Piper Sandler set a $270.00 price target on Advanced Micro Devices and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $154.68.

Advanced Micro Devices Trading Up 2.5%

Advanced Micro Devices stock traded up $4.00 during midday trading on Thursday, reaching $162.65. The stock had a trading volume of 32,375,712 shares, compared to its average volume of 43,342,137. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $174.05. The firm has a market cap of $263.72 billion, a price-to-earnings ratio of 119.60, a price-to-earnings-growth ratio of 2.05 and a beta of 2.05. The company has a fifty day moving average of $130.31 and a 200 day moving average of $114.02.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company's quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. On average, 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 approved a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were 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 of the company's stock, 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 this hyperlink. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Company 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.