Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Lifted by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,465 shares of the semiconductor manufacturer's stock after purchasing an additional 3,972 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Advanced Micro Devices were worth $2,514,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMD. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $28,000. Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $30,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $31,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Finally, American Capital Advisory LLC boosted its position in Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Piper Sandler boosted their price target on Advanced Micro Devices from $125.00 to $140.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Evercore ISI set a $144.00 price target on Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Friday, June 13th. Stifel Nicolaus reissued a "buy" rating and issued a $132.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Finally, KeyCorp cut Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $139.55.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

AMD traded up $2.94 on Tuesday, reaching $137.74. The stock had a trading volume of 31,193,460 shares, compared to its average volume of 42,012,844. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. 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 business's 50-day moving average price is $118.61 and its two-hundred day moving average price is $111.56. The company has a market cap of $223.33 billion, a P/E ratio of 101.28, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. Advanced Micro Devices's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Advanced Micro Devices 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.