Kovack Advisors Inc. Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kovack Advisors Inc. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,829 shares of the semiconductor manufacturer's stock after purchasing an additional 4,386 shares during the quarter. Kovack Advisors Inc.'s holdings in Advanced Micro Devices were worth $2,654,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Main Street Financial Solutions LLC boosted its stake in Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after purchasing an additional 98 shares during the period. Peterson Wealth Services lifted its position in shares of Advanced Micro Devices by 2.9% during the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock valued at $375,000 after acquiring an additional 103 shares during the period. Jaffetilchin Investment Partners LLC lifted its position in shares of Advanced Micro Devices by 1.5% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $957,000 after acquiring an additional 115 shares during the period. Alaethes Wealth LLC lifted its position in shares of Advanced Micro Devices by 0.7% during the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after acquiring an additional 115 shares during the period. Finally, Sunflower Bank N.A. lifted its position in shares of Advanced Micro Devices by 4.3% during the 1st quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock valued at $288,000 after acquiring an additional 116 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was 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 of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMD shares. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Jefferies Financial Group raised their target price on Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Melius raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research note on Monday, June 23rd. Erste Group Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, UBS Group cut their price target on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.68.

Advanced Micro Devices Trading Up 2.7%

Advanced Micro Devices stock traded up $4.35 during trading hours on Friday, hitting $166.47. The company had a trading volume of 53,186,893 shares, compared to its average volume of 46,238,572. The firm has a market cap of $269.91 billion, a P/E ratio of 122.40, a P/E/G ratio of 2.20 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $174.05. The company has a 50-day moving average price of $132.24 and a two-hundred day moving average price of $114.46.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. Advanced Micro Devices's quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.