Hennion & Walsh Asset Management Inc. Has $1.48 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hennion & Walsh Asset Management Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 39.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,361 shares of the semiconductor manufacturer's stock after buying an additional 4,026 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Advanced Micro Devices were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $34,366,000. Revolve Wealth Partners LLC increased its stake in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares in the last quarter. Confluence Wealth Services Inc. boosted its position in shares of Advanced Micro Devices by 19.6% during the 4th quarter. Confluence Wealth Services Inc. now owns 2,319 shares of the semiconductor manufacturer's stock valued at $285,000 after acquiring an additional 380 shares during the last quarter. Finally, Money Concepts Capital Corp lifted its holdings in Advanced Micro Devices by 3.8% in the fourth quarter. Money Concepts Capital Corp now owns 4,355 shares of the semiconductor manufacturer's stock valued at $526,000 after acquiring an additional 158 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD traded up $5.54 during mid-day trading on Monday, reaching $121.73. 55,290,531 shares of the company's stock were exchanged, compared to its average volume of 41,554,245. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $101.39 and a two-hundred day simple moving average of $111.78. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a market cap of $197.37 billion, a price-to-earnings ratio of 122.96, a PEG ratio of 1.11 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. 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 previous year, the business posted $0.62 EPS. The business's quarterly revenue was up 35.9% on a year-over-year basis. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business'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 now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on AMD shares. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Evercore ISI decreased their price target on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Barclays raised their target price on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Susquehanna decreased their target price on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Finally, Piper Sandler restated an "overweight" rating and issued a $125.00 target price (down from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $133.23.

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.