Capital Investment Advisory Services LLC Acquires 4,457 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Advisory Services LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,526 shares of the semiconductor manufacturer's stock after acquiring 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.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMD. Brighton Jones LLC raised its stake in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake 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 purchasing an additional 29,825 shares during the last quarter. Proficio Capital Partners LLC raised its stake 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 purchasing an additional 1,315 shares during the last quarter. Finally, Ethos Financial Group LLC raised its stake 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 purchasing an additional 550 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Stifel Nicolaus reaffirmed a "buy" rating and set a $132.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Bank of America increased their price target on Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. One investment 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.55.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $3.11 during trading hours on Monday, reaching $134.80. The company had a trading volume of 37,302,007 shares, compared to its average volume of 42,037,211. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The business has a fifty day simple moving average of $118.61 and a 200 day simple moving average of $111.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The firm has a market cap of $218.56 billion, a PE ratio of 99.12, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the company earned $0.62 earnings per share. The business's revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has initiated a stock 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 buy up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

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.