Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 36.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,418 shares of the semiconductor manufacturer's stock after buying an additional 1,972 shares during the period. Capital Advisors Inc. OK's holdings in Advanced Micro Devices were worth $762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $65,897,000. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. Toronto Dominion Bank raised its stake in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after purchasing an additional 4,461,609 shares during the last quarter. Nicolet Bankshares Inc. raised its stake in Advanced Micro Devices by 56.4% in the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock valued at $426,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG raised its stake in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after purchasing an additional 29,825 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 2.2%

Shares of Advanced Micro Devices stock traded up $3.02 on Tuesday, hitting $137.82. 36,030,413 shares of the company's stock traded hands, compared to its average volume of 42,013,310. The stock has a market cap of $223.46 billion, a P/E ratio of 101.34, a PEG ratio of 1.78 and a beta of 2.05. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The firm's 50-day moving average is $118.61 and its 200 day moving average is $111.56. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during 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%. The business's revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has initiated a stock buyback plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. Barclays boosted their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Evercore ISI set a $144.00 price objective on shares of Advanced Micro Devices and gave the company an "outperform" rating in a research note on Friday, June 13th. TD Cowen upped their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Finally, HSBC raised shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.55.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company's stock.

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.