Journey Strategic Wealth LLC Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Journey Strategic Wealth LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 49.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,462 shares of the semiconductor manufacturer's stock after purchasing an additional 4,441 shares during the quarter. Journey Strategic Wealth LLC's holdings in Advanced Micro Devices were worth $1,383,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank raised its position in Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after acquiring an additional 4,461,609 shares during the period. Nicolet Bankshares Inc. increased its holdings in Advanced Micro Devices by 56.4% in the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock valued at $426,000 after acquiring an additional 1,271 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings 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 worth $31,958,000 after buying an additional 29,825 shares during the last quarter. Heritage Trust Co bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $804,000. Finally, Centric Wealth Management boosted its stake in shares of Advanced Micro Devices by 20.6% during the 4th quarter. Centric Wealth Management now owns 14,567 shares of the semiconductor manufacturer's stock worth $1,760,000 after purchasing an additional 2,487 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Up 2.2%

Shares of AMD stock traded up $3.47 during trading on Thursday, reaching $162.12. The company's stock had a trading volume of 47,644,725 shares, compared to its average volume of 46,725,572. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The company has a market capitalization of $262.86 billion, a price-to-earnings ratio of 119.21, a P/E/G ratio of 2.10 and a beta of 2.05. The stock's 50-day moving average price is $131.25 and its 200 day moving average price is $114.24. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $174.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 earnings per share. On average, research analysts anticipate 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 share repurchase program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on AMD shares. Barclays boosted their price objective on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Mizuho boosted their price objective on shares of Advanced Micro Devices from $152.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research note on Friday, June 13th. Stifel Nicolaus restated a "buy" rating and set a $132.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. Finally, Rosenblatt Securities restated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $154.68.

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.