Alta Advisers Ltd Has $831,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alta Advisers Ltd raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 50.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,092 shares of the semiconductor manufacturer's stock after acquiring an additional 2,700 shares during the period. Alta Advisers Ltd's holdings in Advanced Micro Devices were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Hixon Zuercher LLC increased its stake in Advanced Micro Devices by 15.0% during the 1st quarter. Hixon Zuercher LLC now owns 23,641 shares of the semiconductor manufacturer's stock worth $2,429,000 after purchasing an additional 3,077 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Advanced Micro Devices by 19.6% in the first quarter. Deseret Mutual Benefit Administrators now owns 941 shares of the semiconductor manufacturer's stock valued at $97,000 after buying an additional 154 shares during the period. Advisors Management Group Inc. ADV increased its position in shares of Advanced Micro Devices by 4.9% during the first quarter. Advisors Management Group Inc. ADV now owns 40,852 shares of the semiconductor manufacturer's stock worth $4,197,000 after acquiring an additional 1,912 shares in the last quarter. New Millennium Group LLC increased its position in shares of Advanced Micro Devices by 380.8% during the first quarter. New Millennium Group LLC now owns 17,054 shares of the semiconductor manufacturer's stock worth $1,752,000 after acquiring an additional 13,507 shares in the last quarter. Finally, Smith Salley Wealth Management raised its holdings in shares of Advanced Micro Devices by 6.9% during the first quarter. Smith Salley Wealth Management now owns 1,991 shares of the semiconductor manufacturer's stock worth $205,000 after acquiring an additional 128 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of AMD traded down $5.79 during trading hours on Tuesday, hitting $136.11. 55,104,425 shares of the company were exchanged, compared to its average volume of 42,235,387. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a market cap of $220.69 billion, a price-to-earnings ratio of 100.08, a P/E/G ratio of 1.86 and a beta of 1.99. The firm's fifty day moving average is $114.18 and its 200 day moving average is $111.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. Advanced Micro Devices's revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has initiated a share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Susquehanna reduced their price objective on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Loop Capital decreased their price objective on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $132.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.19.

Advanced Micro Devices 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.