Floyd Financial Group LLC Has $901,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Floyd Financial Group LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 135.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,770 shares of the semiconductor manufacturer's stock after acquiring an additional 5,039 shares during the quarter. Floyd Financial Group LLC's holdings in Advanced Micro Devices were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $2,867,193,000. Toronto Dominion Bank lifted its holdings in shares of Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after purchasing an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after acquiring an additional 2,889,739 shares in the last quarter. Northern Trust Corp increased its stake in Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after buying an additional 2,874,012 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after buying an additional 2,238,866 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 2.4%

Shares of Advanced Micro Devices stock traded down $2.89 on Thursday, reaching $115.69. 34,020,989 shares of the company were exchanged, compared to its average volume of 41,667,358. The company has a market capitalization of $187.58 billion, a price-to-earnings ratio of 116.86, a PEG ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a 50-day moving average of $100.86 and a 200 day moving average of $112.45.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. On average, equities 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 of Directors has approved a share buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMD. Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Evercore ISI decreased their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. TD Cowen increased their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Dbs Bank cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Loop Capital reduced their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

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.