Country Club Bank Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Country Club Bank grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 46.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,184 shares of the semiconductor manufacturer's stock after buying an additional 18,211 shares during the quarter. Country Club Bank's holdings in Advanced Micro Devices were worth $5,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Greenline Partners LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares in the last quarter. American Capital Advisory LLC increased its stake in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares in the last quarter. Kozak & Associates Inc. increased its stake in Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. Loop Capital dropped their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Bank of America upped 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. Rosenblatt Securities restated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $147.00.

Advanced Micro Devices Trading Up 1.6%

NASDAQ:AMD traded up $2.26 during trading hours on Friday, reaching $146.42. 49,944,990 shares of the stock were exchanged, compared to its average volume of 41,762,071. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $121.21 and a two-hundred day moving average of $112.07. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.99. The company has a market capitalization of $237.41 billion, a price-to-earnings ratio of 107.66, a PEG ratio of 1.86 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to analysts' expectations 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. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the 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 sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.