Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,949 shares of the semiconductor manufacturer's stock after purchasing an additional 2,898 shares during the period. Chicago Capital LLC's holdings in Advanced Micro Devices were worth $7,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in Advanced Micro Devices by 0.9% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 140,797 shares of the semiconductor manufacturer's stock valued at $14,465,000 after acquiring an additional 1,299 shares in the last quarter. Vivid Wealth Management LLC boosted its stake in Advanced Micro Devices by 43.7% in the first quarter. Vivid Wealth Management LLC now owns 22,305 shares of the semiconductor manufacturer's stock valued at $2,292,000 after acquiring an additional 6,788 shares in the last quarter. Inscription Capital LLC acquired a new position in Advanced Micro Devices in the first quarter valued at $146,000. Blackston Financial Advisory Group LLC boosted its stake in Advanced Micro Devices by 18.5% in the first quarter. Blackston Financial Advisory Group LLC now owns 2,679 shares of the semiconductor manufacturer's stock valued at $275,000 after acquiring an additional 419 shares in the last quarter. Finally, Grove Bank & Trust boosted its stake in Advanced Micro Devices by 8.1% in the first quarter. Grove Bank & Trust now owns 6,693 shares of the semiconductor manufacturer's stock valued at $688,000 after acquiring an additional 504 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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 shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Evercore ISI set a $144.00 target price on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research note on Friday, June 13th. Bank of America increased their target price on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Rosenblatt Securities reissued a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Wells Fargo & Company cut their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Hsbc Global Res raised shares of Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 27th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.61.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $0.31 during trading on Wednesday, hitting $126.79. 49,442,387 shares of the company were exchanged, compared to its average volume of 41,812,839. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The stock has a market capitalization of $205.58 billion, a price-to-earnings ratio of 93.23, a P/E/G ratio of 1.64 and a beta of 1.99. The firm has a 50 day moving average price of $106.08 and a 200 day moving average price of $111.19.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $7.10 billion. During the same period in the previous year, the firm posted $0.62 EPS. The company's quarterly revenue was up 35.9% compared to the same quarter last year. On average, equities analysts expect 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 authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

About Advanced Micro Devices

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.