Firetrail Investments PTY Ltd. Has $8.47 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Firetrail Investments PTY Ltd. has increased its holdings in Advanced Micro Devices, Inc. (AMD) by 3.8%, owning 81,542 shares valued at approximately $8.47 million, making it the firm's 22nd largest position.
• Several large investors, including Brighton Jones LLC and Congress Wealth Management LLC DE, have significantly increased their stakes in AMD, with institutional and hedge fund ownership now at 71.34%.
• AMD's stock received multiple price target upgrades, with an average target of $154.68, and analysts generally rate the stock as a "Moderate Buy".

Firetrail Investments PTY Ltd. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,542 shares of the semiconductor manufacturer's stock after purchasing an additional 2,998 shares during the period. Advanced Micro Devices makes up 2.5% of Firetrail Investments PTY Ltd.'s portfolio, making the stock its 22nd biggest position. Firetrail Investments PTY Ltd.'s holdings in Advanced Micro Devices were worth $8,468,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $28,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $31,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares in the last quarter. Finally, American Capital Advisory LLC raised its holdings in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 2.7%

AMD stock traded up $4.35 during trading on Friday, hitting $166.47. The company had a trading volume of 53,186,893 shares, compared to its average volume of 46,238,572. The firm has a 50-day moving average price of $132.24 and a 200-day moving average price of $114.51. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $174.05. The stock has a market cap of $269.91 billion, a price-to-earnings ratio of 122.40, a PEG ratio of 2.14 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 EPS. As a group, 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 of Directors 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 purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMD. Sanford C. Bernstein raised their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a report on Monday. Stifel Nicolaus restated a "buy" rating and set a $132.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. HSBC raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price target on the stock in a research report on Thursday, July 10th. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a research report on Friday, June 13th. Finally, Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $154.68.

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.