Advisors Management Group Inc. ADV Has $4.20 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisors Management Group Inc. ADV boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,852 shares of the semiconductor manufacturer's stock after purchasing an additional 1,912 shares during the quarter. Advisors Management Group Inc. ADV's holdings in Advanced Micro Devices were worth $4,197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $29,000. Kozak & Associates Inc. raised its position in shares of Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 1,713,710 shares in the company, 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 filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AMD shares. Rosenblatt Securities reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Melius Research raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their price objective for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. HSBC upgraded Advanced Micro Devices from a "reduce" rating to a "hold" rating in a report on Tuesday, May 27th. Raymond James Financial reaffirmed an "outperform" rating and set a $120.00 target price (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Dbs Bank lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. One research 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $138.74.

Advanced Micro Devices Stock Down 0.4%

Shares of Advanced Micro Devices stock traded down $0.59 on Friday, hitting $137.93. 28,645,993 shares of the company traded hands, compared to its average volume of 42,135,071. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The company has a market cap of $223.64 billion, a PE ratio of 101.42, a PEG ratio of 1.78 and a beta of 2.05. The company has a 50-day moving average price of $117.01 and a 200 day moving average price of $111.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business's revenue for the quarter was up 35.9% on a year-over-year basis. Sell-side 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 of Directors has approved a stock buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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.