Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Lifted by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,395 shares of the semiconductor manufacturer's stock after buying an additional 4,054 shares during the period. NorthCrest Asset Manangement LLC's holdings in Advanced Micro Devices were worth $18,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after acquiring an additional 29,438 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Advanced Micro Devices by 0.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,075 shares of the semiconductor manufacturer's stock valued at $2,546,000 after purchasing an additional 177 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Advanced Micro Devices by 28.4% in the 4th quarter. Blue Trust Inc. now owns 18,372 shares of the semiconductor manufacturer's stock valued at $2,219,000 after purchasing an additional 4,068 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $34,366,000. Finally, United Asset Strategies Inc. increased its position in Advanced Micro Devices by 15.0% during the 4th quarter. United Asset Strategies Inc. now owns 3,209 shares of the semiconductor manufacturer's stock worth $388,000 after purchasing an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other 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 value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, 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 SEC, which is accessible through this link. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Mizuho upped their price target on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Citigroup reissued a "neutral" rating on shares of Advanced Micro Devices in a research report on Wednesday, May 14th. Sanford C. Bernstein reduced their price objective on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Finally, DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price for the company in a research note on Thursday, May 8th. Fifteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $132.58.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $0.17 during trading on Thursday, hitting $113.03. 30,469,636 shares of the stock were exchanged, compared to its average volume of 42,015,600. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The stock's fifty day moving average is $100.36 and its 200 day moving average is $113.35. The stock has a market cap of $183.27 billion, a PE ratio of 114.17, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate 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%. 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, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Advanced Micro Devices 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.