OneDigital Investment Advisors LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

OneDigital Investment Advisors LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,451 shares of the semiconductor manufacturer's stock after buying an additional 3,300 shares during the period. OneDigital Investment Advisors LLC's holdings in Advanced Micro Devices were worth $8,266,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $65,897,000. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the last quarter. Toronto Dominion Bank grew its holdings in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after buying an additional 4,461,609 shares during the last quarter. Nicolet Bankshares Inc. grew its holdings in Advanced Micro Devices by 56.4% during the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock valued at $426,000 after buying an additional 1,271 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG grew its holdings in Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after buying an additional 29,825 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company lowered their target price on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Rosenblatt Securities reiterated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Roth Capital set a $150.00 target price on Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Piper Sandler raised their price objective on Advanced Micro Devices from $125.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $138.74.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 0.4%

NASDAQ:AMD traded down $0.59 during mid-day trading on Friday, hitting $137.93. The company had a trading volume of 28,645,993 shares, compared to its average volume of 42,055,866. The business has a fifty day simple moving average of $117.84 and a 200-day simple moving average of $111.51. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The firm has a market capitalization of $223.64 billion, a price-to-earnings ratio of 101.42, a PEG ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate 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 company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the company posted $0.62 earnings per share. The firm's revenue was up 35.9% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has approved a stock buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is 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.