Capital Investment Advisory Services LLC Has $2.31 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Advisory Services LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,526 shares of the semiconductor manufacturer's stock after buying an additional 4,457 shares during the period. Capital Investment Advisory Services LLC's holdings in Advanced Micro Devices were worth $2,314,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMD. Brighton Jones LLC boosted its position in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Advanced Micro Devices by 12.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after buying an additional 29,825 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Advanced Micro Devices by 36.9% in the fourth quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer's stock worth $589,000 after buying an additional 1,315 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its position in shares of Advanced Micro Devices by 36.8% in the fourth quarter. Ethos Financial Group LLC now owns 2,045 shares of the semiconductor manufacturer's stock worth $247,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on AMD shares. Hsbc Global Res raised Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 27th. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price target (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Finally, HSBC raised Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $138.74.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $0.59 during trading on Friday, reaching $137.93. 28,645,993 shares of the company traded hands, compared to its average volume of 42,055,866. 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 stock's 50 day moving average price is $117.84 and its two-hundred day moving average price is $111.51. The company has a market cap of $223.64 billion, a price-to-earnings ratio of 101.42, a P/E/G ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a stock repurchase 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company's stock.

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.