Golden State Wealth Management LLC Has $1.93 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Golden State Wealth Management LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 128.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,812 shares of the semiconductor manufacturer's stock after acquiring an additional 10,583 shares during the quarter. Golden State Wealth Management LLC's holdings in Advanced Micro Devices were worth $1,933,000 as of its most recent filing with the SEC.

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

Advanced Micro Devices Stock Up 0.2%

Advanced Micro Devices stock traded up $0.28 during mid-day trading on Thursday, hitting $143.68. 57,914,689 shares of the company's stock were exchanged, compared to its average volume of 42,124,839. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The stock has a 50 day moving average of $110.81 and a two-hundred day moving average of $111.01. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The stock has a market cap of $232.96 billion, a P/E ratio of 49.11, a P/E/G ratio of 1.85 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a share repurchase plan 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 plans are often an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. HSBC upgraded Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Mizuho boosted their price target on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective on the stock in a research note on Monday. Stifel Nicolaus reissued a "buy" rating and set a $132.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Finally, Wells Fargo & Company dropped their price target on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Thirteen 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $138.19.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company's stock.

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.