Mather Group LLC. Purchases 3,927 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mather Group LLC. grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 36.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,559 shares of the semiconductor manufacturer's stock after purchasing an additional 3,927 shares during the quarter. Mather Group LLC.'s holdings in Advanced Micro Devices were worth $1,496,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AMD. Greenline Partners LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Kozak & Associates Inc. boosted its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 directly owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $0.59 during mid-day trading on Friday, reaching $137.93. The company's stock had a trading volume of 28,645,993 shares, compared to its average volume of 42,135,071. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The firm's fifty day moving average price is $117.01 and its two-hundred day moving average price is $111.49. 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 $223.64 billion, a P/E ratio of 101.42, a PEG ratio of 1.79 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the business posted $0.62 EPS. The company's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a stock buyback 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 reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an "outperform" rating and set a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and set a $120.00 price objective (up from $100.00) on shares of Advanced Micro Devices in a research note on Monday, June 9th. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.74.

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.