GSB Wealth Management LLC Buys 7,891 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

GSB Wealth Management LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 28.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,463 shares of the semiconductor manufacturer's stock after acquiring an additional 7,891 shares during the quarter. Advanced Micro Devices accounts for approximately 1.0% of GSB Wealth Management LLC's portfolio, making the stock its 25th largest holding. GSB Wealth Management LLC's holdings in Advanced Micro Devices were worth $3,643,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Main Street Financial Solutions LLC boosted its position in 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 purchasing an additional 98 shares during the last quarter. BCM Advisors LLC raised its stake in shares of Advanced Micro Devices by 0.9% during the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer's stock worth $1,366,000 after purchasing an additional 103 shares during the period. Sunpointe LLC boosted its holdings in shares of Advanced Micro Devices by 6.4% in the 4th quarter. Sunpointe LLC now owns 1,784 shares of the semiconductor manufacturer's stock worth $216,000 after buying an additional 108 shares during the last quarter. Plancorp LLC grew its position in 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 buying an additional 112 shares during the period. Finally, Simmons Bank grew its position in 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 period. Institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on 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 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 trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on AMD shares. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a research report on Thursday, May 8th. Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research note on Friday, June 13th. Robert W. Baird dropped their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Mizuho increased their price objective 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, Sanford C. Bernstein lowered their target price on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $134.61.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $127.10 on Wednesday. The company has a market capitalization of $206.08 billion, a PE ratio of 93.46, a P/E/G ratio of 1.61 and a beta of 1.99. The firm has a fifty day simple moving average of $106.08 and a two-hundred day simple moving average of $111.19. 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, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 8.30% and a net margin of 8.03%. The business's revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has approved a stock buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

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.

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