21,677 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,677 shares of the semiconductor manufacturer's stock, valued at approximately $2,227,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Jacobs & Co. CA grew its position in shares of Advanced Micro Devices by 11.1% during the 1st quarter. Jacobs & Co. CA now owns 98,917 shares of the semiconductor manufacturer's stock worth $10,162,000 after buying an additional 9,887 shares during the period. Cullen Investment Group LTD. grew its position in shares of Advanced Micro Devices by 6.1% during the 1st quarter. Cullen Investment Group LTD. now owns 19,558 shares of the semiconductor manufacturer's stock worth $2,009,000 after buying an additional 1,126 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Advanced Micro Devices by 16.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 5,440 shares of the semiconductor manufacturer's stock worth $559,000 after buying an additional 766 shares during the period. Mascagni Wealth Management Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $50,000. Finally, Prostatis Group LLC grew its position in shares of Advanced Micro Devices by 6.8% during the 4th quarter. Prostatis Group LLC now owns 3,026 shares of the semiconductor manufacturer's stock worth $366,000 after buying an additional 192 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMD. Evercore ISI decreased their target price on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Cantor Fitzgerald reiterated an "overweight" rating and set a $120.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $200.00 target price 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 given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $0.17 on Thursday, reaching $113.03. The stock had a trading volume of 30,469,636 shares, compared to its average volume of 42,015,600. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a fifty day moving average of $100.34 and a two-hundred day moving average of $113.11. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a market cap of $183.27 billion, a P/E ratio of 114.17, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the prior year, the firm posted $0.62 EPS. The company's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has authorized a share repurchase plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was 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 in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

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.