Noesis Capital Mangement Corp Has $9.28 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Noesis Capital Mangement Corp boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,293 shares of the semiconductor manufacturer's stock after buying an additional 5,566 shares during the quarter. Advanced Micro Devices makes up about 1.8% of Noesis Capital Mangement Corp's investment portfolio, making the stock its 22nd biggest holding. Noesis Capital Mangement Corp's holdings in Advanced Micro Devices were worth $9,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. AE Wealth Management LLC boosted its stake in Advanced Micro Devices by 18.4% in the first quarter. AE Wealth Management LLC now owns 293,374 shares of the semiconductor manufacturer's stock valued at $30,141,000 after acquiring an additional 45,539 shares during the period. M1 Capital Management LLC acquired a new position in Advanced Micro Devices in the first quarter valued at approximately $243,000. Wedbush Securities Inc. boosted its stake in Advanced Micro Devices by 2.5% in the first quarter. Wedbush Securities Inc. now owns 85,994 shares of the semiconductor manufacturer's stock valued at $8,835,000 after acquiring an additional 2,117 shares during the period. IMA Advisory Services Inc. boosted its position in shares of Advanced Micro Devices by 12.3% during the first quarter. IMA Advisory Services Inc. now owns 17,870 shares of the semiconductor manufacturer's stock worth $1,836,000 after buying an additional 1,954 shares during the period. Finally, Notis McConarty Edward boosted its position in shares of Advanced Micro Devices by 1.0% during the first quarter. Notis McConarty Edward now owns 30,774 shares of the semiconductor manufacturer's stock worth $3,162,000 after buying an additional 290 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $4.35 during trading on Friday, reaching $166.47. The company's stock had a trading volume of 53,186,893 shares, compared to its average volume of 46,238,572. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The business's fifty day moving average price is $132.24 and its 200-day moving average price is $114.46. The firm has a market cap of $269.91 billion, a price-to-earnings ratio of 122.40, a price-to-earnings-growth ratio of 2.20 and a beta of 2.05. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $174.05.

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

Advanced Micro Devices announced that its board has authorized a stock buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Benchmark reiterated a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Stifel Nicolaus reiterated a "buy" rating and set a $132.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Dbs Bank downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Roth Capital set a $150.00 price objective on Advanced Micro Devices and gave the stock a "buy" rating in a research report on Friday, June 13th. Finally, Morgan Stanley reduced their price objective on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $154.68.

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.