GFG Capital LLC Has $946,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GFG Capital LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 51.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,207 shares of the semiconductor manufacturer's stock after purchasing an additional 3,120 shares during the quarter. GFG Capital LLC's holdings in Advanced Micro Devices were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its position in shares of Advanced Micro Devices by 6.6% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 21,171 shares of the semiconductor manufacturer's stock worth $2,175,000 after purchasing an additional 1,316 shares during the last quarter. Greenleaf Trust increased its position in shares of Advanced Micro Devices by 1.4% in the 1st quarter. Greenleaf Trust now owns 36,039 shares of the semiconductor manufacturer's stock worth $3,703,000 after purchasing an additional 500 shares during the last quarter. Optimum Investment Advisors increased its position in shares of Advanced Micro Devices by 70.3% in the 1st quarter. Optimum Investment Advisors now owns 5,870 shares of the semiconductor manufacturer's stock worth $603,000 after purchasing an additional 2,424 shares during the last quarter. Personal CFO Solutions LLC increased its position in shares of Advanced Micro Devices by 179.8% in the 1st quarter. Personal CFO Solutions LLC now owns 6,496 shares of the semiconductor manufacturer's stock worth $667,000 after purchasing an additional 4,174 shares during the last quarter. Finally, Robocap Asset Management Ltd increased its position in shares of Advanced Micro Devices by 49.9% in the 1st quarter. Robocap Asset Management Ltd now owns 92,945 shares of the semiconductor manufacturer's stock worth $9,549,000 after purchasing an additional 30,923 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $5.75 during trading hours on Thursday, hitting $144.16. 60,896,933 shares of the company traded hands, compared to its average volume of 41,798,510. The firm has a market cap of $233.74 billion, a P/E ratio of 106.00, a P/E/G ratio of 1.79 and a beta of 2.05. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The firm's 50-day simple moving average is $121.21 and its two-hundred day simple moving average is $112.07. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.11.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, 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 stock repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business's 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 sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMD. Barclays boosted their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Robert W. Baird dropped their price target on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Mizuho upped their price target on Advanced Micro Devices from $135.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Rosenblatt Securities reissued a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Finally, Piper Sandler set a $270.00 price target on Advanced Micro Devices and gave the company an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $147.00.

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.