Alpha Cubed Investments LLC Buys 11,961 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alpha Cubed Investments LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,068 shares of the semiconductor manufacturer's stock after purchasing an additional 11,961 shares during the period. Alpha Cubed Investments LLC's holdings in Advanced Micro Devices were worth $4,014,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Main Street Financial Solutions LLC grew its stake 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 worth $314,000 after purchasing an additional 98 shares during the last quarter. Plancorp LLC increased its position in shares of Advanced Micro Devices by 2.2% in the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after acquiring an additional 112 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of Advanced Micro Devices by 1.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after acquiring an additional 115 shares in the last quarter. Alaethes Wealth LLC increased its position in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after acquiring an additional 115 shares in the last quarter. Finally, Sunflower Bank N.A. increased its position in shares of Advanced Micro Devices by 4.3% in the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock worth $288,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $3.11 on Monday, hitting $134.80. The company's stock had a trading volume of 37,302,007 shares, compared to its average volume of 42,037,042. The firm has a market cap of $218.56 billion, a P/E ratio of 99.12, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05. 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 fifty day moving average price of $117.84 and a 200-day moving average price of $111.46. 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 announced its quarterly 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 for 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 for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, equities analysts anticipate 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 approved a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMD shares. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $110.00 to $175.00 in a research report on Monday, June 23rd. Mizuho lifted their target price on shares of Advanced Micro Devices from $135.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a research report on Monday, June 23rd. Jefferies Financial Group cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price target for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Finally, TD Cowen raised their price target on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $139.55.

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.