KG&L Capital Management LLC Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

KG&L Capital Management LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,382 shares of the semiconductor manufacturer's stock after purchasing an additional 3,270 shares during the quarter. Advanced Micro Devices comprises about 0.9% of KG&L Capital Management LLC's portfolio, making the stock its 26th biggest holding. KG&L Capital Management LLC's holdings in Advanced Micro Devices were worth $2,916,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Greenline Partners LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Kozak & Associates Inc. raised its holdings in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $31,000. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Up 0.1%

Shares of NASDAQ AMD traded up $0.13 during trading on Friday, reaching $143.81. The company had a trading volume of 61,778,559 shares, compared to its average volume of 42,236,601. The company's fifty day moving average price is $113.06 and its 200-day moving average price is $111.21. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The stock has a market cap of $233.17 billion, a P/E ratio of 105.74, a PEG ratio of 1.85 and a beta of 1.99. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $7.10 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding 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 often an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMD. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Morgan Stanley dropped their price objective on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Raymond James Financial reaffirmed an "outperform" rating and issued a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Loop Capital dropped their price objective on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $138.19.

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.