Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,082 shares of the semiconductor manufacturer's stock after buying an additional 3,024 shares during the quarter. Brown Advisory Inc.'s holdings in Advanced Micro Devices were worth $2,988,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of Advanced Micro Devices by 41.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 50,244 shares of the semiconductor manufacturer's stock worth $5,162,000 after purchasing an additional 14,621 shares during the last quarter. Alpha Cubed Investments LLC boosted its holdings in shares of Advanced Micro Devices by 44.1% in the 1st quarter. Alpha Cubed Investments LLC now owns 39,068 shares of the semiconductor manufacturer's stock valued at $4,014,000 after buying an additional 11,961 shares in the last quarter. Pekin Hardy Strauss Inc. grew its position in shares of Advanced Micro Devices by 15.8% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 7,430 shares of the semiconductor manufacturer's stock worth $763,000 after buying an additional 1,015 shares during the last quarter. Jessup Wealth Management Inc grew its position in shares of Advanced Micro Devices by 14.2% in the 1st quarter. Jessup Wealth Management Inc now owns 75,774 shares of the semiconductor manufacturer's stock worth $7,785,000 after buying an additional 9,434 shares during the last quarter. Finally, Capital Management Associates Inc purchased a new stake in Advanced Micro Devices during the first quarter valued at approximately $257,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Roth Capital set a $150.00 price objective on Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Dbs Bank downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays upped their target price on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Sanford C. Bernstein reiterated a "reduce" rating on shares of Advanced Micro Devices in a report on Tuesday, July 1st. Finally, Raymond James Financial restated an "outperform" rating and set a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have given a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.58.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $4.47 during midday trading on Wednesday, hitting $160.08. The company had a trading volume of 59,162,865 shares, compared to its average volume of 43,337,582. The business's 50-day simple moving average is $124.22 and its 200-day simple moving average is $112.46. The stock has a market cap of $259.55 billion, a price-to-earnings ratio of 117.71, a price-to-earnings-growth ratio of 1.95 and a beta of 2.05. 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 twelve month low of $76.48 and a twelve month high of $174.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results 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. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The company's revenue was up 35.9% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has authorized a share repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

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.