Easterly Investment Partners LLC Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Easterly Investment Partners LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 99.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,010 shares of the semiconductor manufacturer's stock after buying an additional 13,500 shares during the period. Easterly Investment Partners LLC's holdings in Advanced Micro Devices were worth $2,775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $30,000. Summit Securities Group LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth $31,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in 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 buying an additional 200 shares during the last quarter. Finally, American Capital Advisory LLC increased its position in 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 buying an additional 130 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research note on Monday, June 23rd. Mizuho lifted their price objective on Advanced Micro Devices from $152.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Robert W. Baird dropped their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.58.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $0.33 on Thursday, hitting $160.41. The stock had a trading volume of 50,400,461 shares, compared to its average volume of 41,912,371. The firm's 50 day moving average price is $125.41 and its 200-day moving average price is $112.79. The company has a market capitalization of $260.09 billion, a price-to-earnings ratio of 117.95, a price-to-earnings-growth ratio of 2.14 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $174.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating 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 analysts' expectations of $7.10 billion. During the same period in the prior year, the business posted $0.62 EPS. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. On average, equities research analysts predict 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 plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are 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.