Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,874 shares of the semiconductor manufacturer's stock after purchasing an additional 6,479 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Advanced Micro Devices were worth $16,220,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. Geode Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock worth $4,224,840,000 after buying an additional 835,413 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Advanced Micro Devices by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock worth $2,909,350,000 after buying an additional 290,784 shares in the last quarter. Norges Bank purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $2,867,193,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Advanced Micro Devices by 9.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock worth $2,585,079,000 after buying an additional 1,929,225 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 2.0%

Shares of Advanced Micro Devices stock traded down $2.34 on Friday, reaching $116.16. The company had a trading volume of 39,620,655 shares, compared to its average volume of 41,413,918. The firm's 50 day moving average price is $104.51 and its two-hundred day moving average price is $111.33. The firm has a market cap of $188.34 billion, a PE ratio of 117.33, a PEG ratio of 1.11 and a beta of 1.99. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is 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 shares were 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 in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AMD has been the topic of several research reports. Hsbc Global Res raised shares of Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Benchmark reissued a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Friday. Piper Sandler reissued an "overweight" rating and issued a $125.00 price target (down from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.13.

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.