Maia Wealth LLC Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Maia Wealth LLC has acquired 2,720 shares of Advanced Micro Devices, valued at approximately $257,000, showcasing increased institutional interest in the company.
• Advanced Micro Devices' latest quarterly earnings report revealed a EPS of $0.48, missing consensus estimates, but revenue increased significantly by 31.7% year-over-year.
• The company's Board of Directors has authorized a $6.00 billion share repurchase plan, indicating that management believes the stock is undervalued.

Maia Wealth LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,720 shares of the semiconductor manufacturer's stock, valued at approximately $257,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenline Partners LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. American Capital Advisory LLC increased its stake in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Kozak & Associates Inc. increased its stake in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $172.28 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $182.50. The firm has a market capitalization of $279.58 billion, a price-to-earnings ratio of 99.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.94. The business has a 50 day simple moving average of $145.71 and a 200 day simple moving average of $118.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the company earned $0.69 earnings per share. The business's quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. Sanford C. Bernstein upped their price target on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Erste Group Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Benchmark upped their target price on Advanced Micro Devices from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Raymond James Financial upped their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $179.21.

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.

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