Amalgamated Bank Purchases 7,218 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Amalgamated Bank grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 332,910 shares of the semiconductor manufacturer's stock after buying an additional 7,218 shares during the period. Amalgamated Bank's holdings in Advanced Micro Devices were worth $34,203,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Greenline Partners LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $29,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $31,000. Finally, IAG Wealth Partners LLC boosted its stake in Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 118 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 0.1%

Shares of Advanced Micro Devices stock opened at $143.81 on Monday. 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 business has a fifty day simple moving average of $113.06 and a two-hundred day simple moving average of $110.94. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a market capitalization of $233.17 billion, a price-to-earnings ratio of 105.74, a P/E/G ratio of 1.86 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The company 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 company's revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. Research analysts forecast 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 share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company'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 transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. Robert W. Baird dropped their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note 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. Wedbush reaffirmed an "outperform" rating and set a $120.00 price target (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Wells Fargo & Company lowered their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Thirteen research analysts have rated the stock with 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, the stock has an average rating of "Moderate Buy" and an average price target 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.

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