Advyzon Investment Management LLC Purchases Shares of 3,301 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Advyzon Investment Management LLC has made a new investment in Advanced Micro Devices, acquiring 3,301 shares valued at approximately $339,000.
• Advanced Micro Devices reported quarterly earnings of $0.48 per share, missing estimates, but revenue increased by 31.7% year-over-year to $7.69 billion.
• The company is authorized to repurchase up to $6.00 billion of its shares, a signal that the board believes its stock may be undervalued.

Advyzon Investment Management LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,301 shares of the semiconductor manufacturer's stock, valued at approximately $339,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Main Street Financial Solutions LLC grew its position in shares of Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after buying an additional 98 shares during the last quarter. Peterson Wealth Services boosted its position in shares of Advanced Micro Devices by 2.9% during the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock valued at $375,000 after purchasing an additional 103 shares in the last quarter. Lifeworks Advisors LLC boosted its position in shares of Advanced Micro Devices by 5.6% during the 1st quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock valued at $203,000 after purchasing an additional 104 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of Advanced Micro Devices by 1.5% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $957,000 after purchasing an additional 115 shares in the last quarter. Finally, Alaethes Wealth LLC boosted its position in shares of Advanced Micro Devices by 0.7% during the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $9.28 during trading hours on Thursday, reaching $172.40. The company had a trading volume of 95,073,538 shares, compared to its average volume of 65,171,756. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $182.50. The business has a fifty day simple moving average of $143.30 and a 200 day simple moving average of $117.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.97. The firm has a market cap of $279.53 billion, a PE ratio of 99.08, a price-to-earnings-growth ratio of 2.15 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The business had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter last year, the business posted $0.69 EPS. The company's quarterly revenue was up 31.7% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on AMD. Stifel Nicolaus upped their target price on Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Wells Fargo & Company upped their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Mizuho upped their price target on Advanced Micro Devices from $152.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Erste Group Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.56.

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.