Bernard Wealth Management Corp. Invests $3.68 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bernard Wealth Management Corp. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,470 shares of the semiconductor manufacturer's stock, valued at approximately $3,680,000. Advanced Micro Devices accounts for 1.7% of Bernard Wealth Management Corp.'s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. TFG Advisers LLC grew its holdings in shares of Advanced Micro Devices by 2.0% during the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock valued at $573,000 after buying an additional 92 shares during the last quarter. BSW Wealth Partners lifted its position in Advanced Micro Devices by 1.1% in the 4th quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock valued at $1,068,000 after acquiring an additional 94 shares in the last quarter. DMC Group LLC boosted its stake in Advanced Micro Devices by 0.8% during the 4th quarter. DMC Group LLC now owns 11,738 shares of the semiconductor manufacturer's stock valued at $1,418,000 after purchasing an additional 95 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in Advanced Micro Devices by 4.4% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 2,304 shares of the semiconductor manufacturer's stock worth $278,000 after purchasing an additional 97 shares in the last quarter. Finally, L.M. Kohn & Company raised its stake in shares of Advanced Micro Devices by 1.4% in the fourth quarter. L.M. Kohn & Company now owns 6,973 shares of the semiconductor manufacturer's stock worth $842,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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 transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $0.25 during mid-day trading on Thursday, hitting $113.11. The company had a trading volume of 19,837,652 shares, compared to its average volume of 42,033,881. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. 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 $183.39 billion, a price-to-earnings ratio of 114.03, a P/E/G ratio of 1.11 and a beta of 1.97. The stock's 50-day moving average price is $100.36 and its 200-day moving average price is $113.35.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The company's quarterly revenue was up 35.9% compared to the same quarter last year. On average, sell-side analysts forecast 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 initiated a share buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMD. Argus set a $160.00 target price on Advanced Micro Devices in a research report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Finally, Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Fifteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

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.