Global Assets Advisory LLC Has $1.62 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Global Assets Advisory LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 299.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,777 shares of the semiconductor manufacturer's stock after purchasing an additional 11,828 shares during the period. Global Assets Advisory LLC's holdings in Advanced Micro Devices were worth $1,621,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. Main Street Financial Solutions LLC grew its stake in shares of Advanced Micro Devices by 3.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock worth $314,000 after acquiring an additional 98 shares during the last quarter. BCM Advisors LLC boosted its holdings in Advanced Micro Devices by 0.9% in the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer's stock valued at $1,366,000 after purchasing an additional 103 shares during the period. Plancorp LLC grew its position in Advanced Micro Devices by 2.2% in the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after purchasing an additional 112 shares during the last quarter. Simmons Bank raised its position in shares of Advanced Micro Devices by 5.4% during the fourth quarter. Simmons Bank now owns 2,198 shares of the semiconductor manufacturer's stock valued at $265,000 after buying an additional 113 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its position in shares of Advanced Micro Devices by 1.5% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after acquiring an additional 115 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 0.2%

AMD stock traded up $0.28 during midday trading on Thursday, reaching $143.68. The company's stock had a trading volume of 57,914,689 shares, compared to its average volume of 42,124,839. The business's 50-day simple moving average is $110.81 and its 200-day simple moving average is $111.01. The stock has a market cap of $232.96 billion, a PE ratio of 105.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.99. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. 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 (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. Sanford C. Bernstein lowered their price objective on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus reissued a "buy" rating and issued a $132.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their price target for the stock from $110.00 to $175.00 in a research report on Monday. Susquehanna decreased their price objective on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Finally, DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a research note on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $138.19.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by company insiders.

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.