Bay Colony Advisory Group Inc d b a Bay Colony Advisors Has $2.08 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 17.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 20,120 shares of the semiconductor manufacturer's stock after buying an additional 2,945 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in Advanced Micro Devices were worth $2,077,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMD. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Greenline Partners LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $29,000. Kozak & Associates Inc. raised its position in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after buying an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on AMD. Stifel Nicolaus reissued a "buy" rating and set a $132.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. TD Cowen boosted their price target on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Bank of America increased their price objective on Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Susquehanna decreased their price objective on shares of 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. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Micro Devices in a report on Monday, June 9th. Fifteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $134.61.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $126.79 on Thursday. The business has a 50-day simple moving average of $106.68 and a 200 day simple moving average of $111.30. The firm has a market capitalization of $205.58 billion, a price-to-earnings ratio of 93.23, a PEG ratio of 1.64 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. 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 issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. Advanced Micro Devices's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. On average, research 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 Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated 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 now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by insiders.

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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