Advisor Resource Council Invests $434,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisor Resource Council purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,491 shares of the semiconductor manufacturer's stock, valued at approximately $434,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in 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 buying an additional 29,438 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $34,366,000. Revolve Wealth Partners LLC raised its position 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 purchasing an additional 234 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Advanced Micro Devices by 12.7% in the 4th 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 in the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its position in Advanced Micro Devices by 1.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 7,465 shares of the semiconductor manufacturer's stock valued at $902,000 after purchasing an additional 123 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their target price for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Stifel Nicolaus reiterated a "buy" rating and issued a $132.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. KeyCorp lowered shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Monday. Finally, HSBC raised shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $138.19.

Advanced Micro Devices Stock Up 6.8%

AMD traded up $8.85 during trading on Tuesday, reaching $138.43. The stock had a trading volume of 78,243,091 shares, compared to its average volume of 41,906,004. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $224.45 billion, a price-to-earnings ratio of 101.79, a P/E/G ratio of 1.67 and a beta of 1.99. The stock's 50 day moving average is $108.84 and its two-hundred day moving average is $110.59. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (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 analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business's revenue was up 35.9% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock repurchase plan 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 plans are usually a sign 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.