Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Milestone Asset Management LLC

Milestone Asset Management LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 62.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,654 shares of the semiconductor manufacturer's stock after purchasing an additional 5,998 shares during the period. Milestone Asset Management LLC's holdings in Advanced Micro Devices were worth $1,608,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Stifel Nicolaus set a $132.00 price target on Advanced Micro Devices in a research report on Monday, April 28th. Citigroup reiterated a "neutral" rating on shares of Advanced Micro Devices in a research report on Wednesday, May 14th. Finally, Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Fifteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $132.58.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the 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 sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Down 1.6%

Shares of Advanced Micro Devices stock traded down $1.94 during mid-day trading on Thursday, hitting $116.64. The stock had a trading volume of 20,008,443 shares, compared to its average volume of 41,614,267. The firm has a 50-day moving average of $100.86 and a two-hundred day moving average of $112.45. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $189.12 billion, a P/E ratio of 117.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has initiated a share 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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.