2,854 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Allen Capital Group LLC

Allen Capital Group LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,854 shares of the semiconductor manufacturer's stock, valued at approximately $293,000.

Several other institutional investors also recently bought and sold shares of AMD. KLP Kapitalforvaltning AS purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $65,897,000. Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.0% in the 4th 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 last quarter. Toronto Dominion Bank increased its holdings in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after purchasing an additional 4,461,609 shares during the last quarter. Nicolet Bankshares Inc. increased its holdings in Advanced Micro Devices by 56.4% in the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock valued at $426,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG increased its holdings in 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 valued at $31,958,000 after purchasing an additional 29,825 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMD shares. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the company an "outperform" rating in a research note on Friday, June 13th. Piper Sandler set a $270.00 price objective on Advanced Micro Devices and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Barclays increased their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $152.58.

Advanced Micro Devices Trading Up 0.2%

NASDAQ:AMD traded up $0.33 during mid-day trading on Thursday, reaching $160.41. The company's stock had a trading volume of 50,400,461 shares, compared to its average volume of 41,912,371. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The stock has a market cap of $260.09 billion, a P/E ratio of 117.95, a P/E/G ratio of 2.14 and a beta of 2.05. The company's fifty day simple moving average is $125.41 and its two-hundred day simple moving average is $112.79. 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 issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Advanced Micro Devices's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are 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.