Capital Investment Advisors LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Advisors LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,954 shares of the semiconductor manufacturer's stock after purchasing an additional 2,092 shares during the period. Capital Investment Advisors LLC's holdings in Advanced Micro Devices were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $25,000. Greenline Partners LLC purchased a new stake in shares of 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 in the fourth quarter valued at approximately $29,000. Mpwm Advisory Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Summit Securities Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $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 at this link. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMD shares. Susquehanna reduced their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. KeyCorp lowered shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Barclays upped their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Bank of America raised their target price on Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Citigroup upped their price target on Advanced Micro Devices from $100.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday. Fifteen investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $133.23.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $2.71 during midday trading on Thursday, reaching $118.43. 33,564,833 shares of the company were exchanged, compared to its average volume of 41,393,729. The stock has a market cap of $192.02 billion, a P/E ratio of 119.63, a PEG ratio of 1.11 and a beta of 1.99. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock has a fifty day simple moving average of $103.06 and a 200 day simple moving average of $111.80. 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 (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

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.