Avantax Planning Partners Inc. Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Avantax Planning Partners Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,464 shares of the semiconductor manufacturer's stock after buying an additional 2,089 shares during the quarter. Avantax Planning Partners Inc.'s holdings in Advanced Micro Devices were worth $1,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. Brighton Jones LLC grew its stake in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Advanced Micro Devices by 12.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Advanced Micro Devices by 36.9% in the fourth quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer's stock valued at $589,000 after purchasing an additional 1,315 shares during the period. Finally, Ethos Financial Group LLC increased its holdings in Advanced Micro Devices by 36.8% in the fourth quarter. Ethos Financial Group LLC now owns 2,045 shares of the semiconductor manufacturer's stock valued at $247,000 after purchasing an additional 550 shares during the period. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Citigroup restated a "neutral" rating and issued a $120.00 price objective (up from $100.00) on shares of Advanced Micro Devices in a report on Monday, June 9th. Wells Fargo & Company decreased their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Robert W. Baird decreased their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a report on Monday, June 9th. Finally, Benchmark restated a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.74.

Advanced Micro Devices Stock Down 0.4%

Shares of NASDAQ AMD traded down $0.59 during midday trading on Friday, hitting $137.93. 28,645,993 shares of the stock traded hands, compared to its average volume of 42,055,866. The company has a market cap of $223.64 billion, a PE ratio of 101.42, a P/E/G ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The business has a 50 day moving average price of $117.84 and a two-hundred day moving average price of $111.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president owned 1,713,710 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by corporate 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.