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

Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,465 shares of the semiconductor manufacturer's stock after buying 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 quarter.

A number of other large investors have also recently bought and sold shares of AMD. Brighton Jones LLC grew its stake in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after purchasing an additional 29,825 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Advanced Micro Devices by 36.9% in the 4th quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer's stock valued at $589,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Ethos Financial Group LLC boosted its stake in shares of Advanced Micro Devices by 36.8% in the 4th quarter. Ethos Financial Group LLC now owns 2,045 shares of the semiconductor manufacturer's stock valued at $247,000 after purchasing an additional 550 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. Robert W. Baird reduced their price target on shares of 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. Raymond James Financial restated an "outperform" rating and issued a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Mizuho raised their price target on shares of Advanced Micro Devices from $135.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday. Sanford C. Bernstein restated a "reduce" rating on shares of Advanced Micro Devices in a research note on Tuesday, July 1st. Finally, Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and raised their price target for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $139.55.

Advanced Micro Devices Trading Down 2.3%

Shares of NASDAQ:AMD traded down $3.11 during mid-day trading on Monday, hitting $134.80. The company had a trading volume of 37,302,007 shares, compared to its average volume of 42,037,211. The firm has a fifty day moving average price of $118.61 and a 200 day moving average price of $111.56. The company has a market capitalization of $218.56 billion, a PE ratio of 99.12, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year 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, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during 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 revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has approved a share buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction 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 in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.06% of the company's stock.

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.