Diversify Wealth Management LLC Has $3.01 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Diversify Wealth Management LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,305 shares of the semiconductor manufacturer's stock after buying an additional 3,445 shares during the period. Diversify Wealth Management LLC's holdings in Advanced Micro Devices were worth $3,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares during the period. American Capital Advisory LLC increased its stake in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. increased its stake in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 1.6%

NASDAQ:AMD opened at $146.42 on Friday. The stock's fifty day moving average price is $122.16 and its two-hundred day moving average price is $112.20. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The company has a market cap of $237.41 billion, a price-to-earnings ratio of 107.66, a P/E/G ratio of 1.86 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 EPS. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a share buyback 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research reports. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Morgan Stanley lowered their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial restated an "outperform" rating and set a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $147.00.

Insider Buying and Selling at Advanced Micro Devices

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 transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

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.

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