Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Citizens & Northern Corp

Citizens & Northern Corp boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,378 shares of the semiconductor manufacturer's stock after buying an additional 3,342 shares during the period. Citizens & Northern Corp's holdings in Advanced Micro Devices were worth $963,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $2,867,193,000. Toronto Dominion Bank increased its holdings in shares of Advanced Micro Devices by 443.3% in the fourth 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. Kovitz Investment Group Partners LLC grew its stake in shares of Advanced Micro Devices by 2,265.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after acquiring an additional 2,889,739 shares in the last quarter. Northern Trust Corp raised its position in shares of Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Advanced Micro Devices by 12,097.8% during the first quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer's stock worth $206,402,000 after buying an additional 1,992,508 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business'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 now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Friday, June 13th. Stifel Nicolaus reaffirmed a "buy" rating and set a $132.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Citigroup reissued a "neutral" rating and issued a $120.00 price target (up previously from $100.00) on shares of Advanced Micro Devices in a research report on Monday, June 9th. Wells Fargo & Company reduced 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 research report on Thursday, April 17th. Finally, Mizuho lifted their price objective on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.61.

Advanced Micro Devices Stock Up 1.1%

NASDAQ:AMD traded up $1.45 during midday trading on Friday, reaching $128.24. The company had a trading volume of 79,777,415 shares, compared to its average volume of 41,759,654. The firm has a market capitalization of $207.93 billion, a price-to-earnings ratio of 94.29, a PEG ratio of 1.64 and a beta of 1.99. The stock's fifty day simple moving average is $108.14 and its 200-day simple moving average is $111.10. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (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 company 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 business earned $0.62 EPS. Advanced Micro Devices's revenue for the quarter was up 35.9% on a year-over-year basis. On average, sell-side 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 approved a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is 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.