Bryn Mawr Capital Management LLC Buys 1,988 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bryn Mawr Capital Management LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 38.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,172 shares of the semiconductor manufacturer's stock after acquiring an additional 1,988 shares during the period. Bryn Mawr Capital Management LLC's holdings in Advanced Micro Devices were worth $737,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bridgewater Advisors Inc. bought a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $586,000. Larson Financial Group LLC lifted its holdings in shares of Advanced Micro Devices by 20.6% during the 1st quarter. Larson Financial Group LLC now owns 46,169 shares of the semiconductor manufacturer's stock worth $4,743,000 after acquiring an additional 7,884 shares during the period. Sage Mountain Advisors LLC boosted its position in shares of Advanced Micro Devices by 22.5% during the 1st quarter. Sage Mountain Advisors LLC now owns 9,549 shares of the semiconductor manufacturer's stock worth $981,000 after acquiring an additional 1,755 shares in the last quarter. Wealthfront Advisers LLC increased its stake in Advanced Micro Devices by 6.8% in the first quarter. Wealthfront Advisers LLC now owns 263,796 shares of the semiconductor manufacturer's stock valued at $27,102,000 after acquiring an additional 16,691 shares during the last quarter. Finally, First Business Financial Services Inc. increased its stake in Advanced Micro Devices by 6.2% in the first quarter. First Business Financial Services Inc. now owns 3,536 shares of the semiconductor manufacturer's stock valued at $363,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.31 during mid-day trading on Thursday, hitting $159.77. The company had a trading volume of 40,893,772 shares, compared to its average volume of 42,019,992. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The firm has a market cap of $259.05 billion, a PE ratio of 117.45, a price-to-earnings-growth ratio of 2.08 and a beta of 2.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $174.05. The stock's fifty day moving average price is $125.41 and its two-hundred day moving average price is $112.79.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during 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%. Advanced Micro Devices's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. On average, analysts forecast 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 stock buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price for the company in a research note on Thursday, May 8th. Loop Capital reduced their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $152.58.

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.