Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Heartland Bank & Trust Co

Heartland Bank & Trust Co raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 157.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,514 shares of the semiconductor manufacturer's stock after purchasing an additional 9,480 shares during the quarter. Advanced Micro Devices accounts for 0.8% of Heartland Bank & Trust Co's investment portfolio, making the stock its 28th biggest holding. Heartland Bank & Trust Co's holdings in Advanced Micro Devices were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Advanced Micro Devices during the fourth quarter worth about $34,366,000. Revolve Wealth Partners LLC lifted its holdings in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings 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 valued at $31,958,000 after purchasing an additional 29,825 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

AMD has been the subject of several research reports. Benchmark restated a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Hsbc Global Res raised Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 27th. Morgan Stanley reduced their price objective on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research note on Thursday, May 8th. Finally, Bank of America lifted their price target on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $134.61.

Advanced Micro Devices Stock Performance

AMD stock opened at $128.24 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock has a market capitalization of $207.93 billion, a price-to-earnings ratio of 94.29, a PEG ratio of 1.66 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The stock's fifty day moving average is $108.14 and its two-hundred day moving average is $110.87.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate 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%. Advanced Micro Devices's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm posted $0.62 EPS. On average, research analysts predict 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 repurchase program 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 shares through open market purchases. Shares repurchase programs are usually a sign 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 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

About Advanced Micro Devices

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.