Cypress Asset Management Inc. TX Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cypress Asset Management Inc. TX purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 37,184 shares of the semiconductor manufacturer's stock, valued at approximately $4,527,000. Advanced Micro Devices accounts for about 1.1% of Cypress Asset Management Inc. TX's portfolio, making the stock its 29th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Ameriflex Group Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $223,000. Putney Financial Group LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $402,000. Vermillion Wealth Management Inc. acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $66,000. Mackenzie Financial Corp boosted its holdings in Advanced Micro Devices by 36.8% in the 4th quarter. Mackenzie Financial Corp now owns 271,398 shares of the semiconductor manufacturer's stock valued at $32,782,000 after purchasing an additional 73,062 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $231,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 0.2%

AMD stock traded up $0.18 on Thursday, hitting $113.04. 19,837,652 shares of the company were exchanged, compared to its average volume of 42,033,881. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market capitalization of $183.28 billion, a price-to-earnings ratio of 114.03, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The business's fifty day moving average is $100.36 and its two-hundred day moving average is $113.35.

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 company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has authorized a share buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Raymond James restated an "outperform" rating and issued a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Stifel Nicolaus set a $132.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 28th. Piper Sandler reiterated an "overweight" rating and issued a $125.00 price target (down previously from $140.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Fifteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $132.58.

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.