4,554 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Gainplan LLC

Gainplan LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,554 shares of the semiconductor manufacturer's stock, valued at approximately $468,000.

Several other large investors have also added to or reduced their stakes in the business. Naples Global Advisors LLC grew its stake in Advanced Micro Devices by 8.8% in the first quarter. Naples Global Advisors LLC now owns 43,832 shares of the semiconductor manufacturer's stock valued at $4,503,000 after purchasing an additional 3,538 shares in the last quarter. Grassi Investment Management raised its position in Advanced Micro Devices by 2.0% during the first quarter. Grassi Investment Management now owns 143,980 shares of the semiconductor manufacturer's stock worth $14,793,000 after acquiring an additional 2,850 shares in the last quarter. Beacon Financial Group lifted its stake in Advanced Micro Devices by 21.1% in the first quarter. Beacon Financial Group now owns 2,999 shares of the semiconductor manufacturer's stock valued at $308,000 after acquiring an additional 522 shares during the last quarter. Channel Wealth LLC lifted its stake in Advanced Micro Devices by 5.1% in the first quarter. Channel Wealth LLC now owns 17,520 shares of the semiconductor manufacturer's stock valued at $1,800,000 after acquiring an additional 854 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 5.6% in the 1st quarter. Warren Street Wealth Advisors LLC now owns 2,596 shares of the semiconductor manufacturer's stock valued at $267,000 after acquiring an additional 137 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

AMD traded up $0.50 during trading on Friday, hitting $116.19. 26,964,110 shares of the stock traded hands, compared to its average volume of 41,533,583. The business has a 50 day moving average price of $101.12 and a 200 day moving average price of $112.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a market cap of $188.39 billion, a price-to-earnings ratio of 117.36, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has approved a share buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMD. Bank of America raised their target price on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus set a $132.00 price objective on Advanced Micro Devices in a research report on Monday, April 28th. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a report on Thursday, May 8th. Mizuho raised their price target on Advanced Micro Devices from $117.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Morgan Stanley reduced their price objective on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

Insiders Place Their Bets

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 completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company's stock.

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.