Kesler Norman & Wride LLC Purchases 1,774 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kesler Norman & Wride LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,411 shares of the semiconductor manufacturer's stock after acquiring an additional 1,774 shares during the quarter. Kesler Norman & Wride LLC's holdings in Advanced Micro Devices were worth $1,583,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMD. Main Street Financial Solutions LLC raised its stake in Advanced Micro Devices by 3.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock worth $314,000 after buying an additional 98 shares during the last quarter. Plancorp LLC raised its position in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after acquiring an additional 112 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its position in shares of Advanced Micro Devices by 1.5% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after acquiring an additional 115 shares in the last quarter. Alaethes Wealth LLC lifted its stake in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after purchasing an additional 115 shares during the period. Finally, Sunflower Bank N.A. lifted its stake in shares of Advanced Micro Devices by 4.3% in the 1st quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock valued at $288,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $2.26 during trading on Friday, hitting $146.42. 49,944,990 shares of the company were exchanged, compared to its average volume of 41,725,687. The company has a market cap of $237.41 billion, a PE ratio of 107.66, a P/E/G ratio of 1.89 and a beta of 2.05. The stock has a 50 day moving average of $122.16 and a 200 day moving average of $112.11. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $185.50. 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 (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the business posted $0.62 earnings per share. The firm's revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the company an "outperform" rating in a research note on Friday, June 13th. Stifel Nicolaus reissued a "buy" rating and issued a $132.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Dbs Bank downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Bank of America boosted their price objective on Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, Susquehanna dropped their price objective on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $147.00.

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.