Harel Insurance Investments & Financial Services Ltd. Purchases 3,972 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Harel Insurance Investments & Financial Services Ltd. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent disclosure with the 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 and other institutional investors also recently made changes to their positions in the company. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of 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 worth $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC raised its holdings in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the last quarter. Kozak & Associates Inc. lifted its position in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $30,000. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research note on Monday, June 23rd. Raymond James Financial restated an "outperform" rating and set a $120.00 target price (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. HSBC upgraded shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Susquehanna decreased their target price 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.74.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's 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 sale, the executive vice president 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 sale was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 0.4%

Advanced Micro Devices stock traded down $0.59 during mid-day trading on Friday, hitting $137.93. 28,645,993 shares of the stock were exchanged, compared to its average volume of 42,055,866. The stock has a market capitalization of $223.64 billion, a price-to-earnings ratio of 101.42, a PEG ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month 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. The firm's fifty day simple moving average is $117.84 and its two-hundred day simple moving average is $111.51.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its 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 business had revenue of $7.44 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.62 earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are 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.