Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Core Alternative Capital

Core Alternative Capital increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,213 shares of the semiconductor manufacturer's stock after purchasing an additional 9,074 shares during the quarter. Advanced Micro Devices accounts for 1.4% of Core Alternative Capital's investment portfolio, making the stock its 27th largest position. Core Alternative Capital's holdings in Advanced Micro Devices were worth $5,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $2,867,193,000. Toronto Dominion Bank increased its position in Advanced Micro Devices by 443.3% during the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after buying an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in Advanced Micro Devices by 2,265.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after buying an additional 2,889,739 shares in the last quarter. Northern Trust Corp increased its position in Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Advanced Micro Devices by 12,097.8% during the 1st quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer's stock worth $206,402,000 after purchasing an additional 1,992,508 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 2.3%

NASDAQ AMD traded down $3.11 during mid-day trading on Monday, reaching $134.80. 37,302,007 shares of the company's stock traded hands, compared to its average volume of 42,037,211. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year 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. The company has a market cap of $218.56 billion, a price-to-earnings ratio of 99.12, a P/E/G ratio of 1.78 and a beta of 2.05. The company has a fifty day simple moving average of $117.84 and a 200-day simple moving average of $111.46.

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. The business 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 8.30% and a net margin of 8.03%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has initiated a share repurchase plan 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 shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent research reports. HSBC upgraded Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Piper Sandler boosted their price objective on shares of Advanced Micro Devices from $125.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Morgan Stanley cut their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Hsbc Global Res upgraded Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, Evercore ISI set a $144.00 price target on Advanced Micro Devices and gave the company an "outperform" rating in a report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $139.55.

Insider Activity at Advanced Micro Devices

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 value of $1,670,725.00. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.06% of the company's stock.

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.