Liberty Square Wealth Partners LLC Purchases New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Liberty Square Wealth Partners LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,117 shares of the semiconductor manufacturer's stock, valued at approximately $353,000.

A number of other large investors have also recently made changes to their positions in the stock. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth about $25,000. Greenline Partners LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $0.25 during trading hours on Thursday, reaching $113.11. 19,837,652 shares of the company's stock were exchanged, compared to its average volume of 42,033,881. The business has a fifty day moving average of $100.36 and a two-hundred day moving average of $113.35. The company has a market capitalization of $183.39 billion, a P/E ratio of 114.03, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

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, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. TD Cowen upped their target price on Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley cut their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Finally, HSBC upgraded Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday. Fifteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm'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 owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company's stock.

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.