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

OneDigital Investment Advisors LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,451 shares of the semiconductor manufacturer's stock after purchasing an additional 3,300 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Advanced Micro Devices were worth $8,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Greenline Partners LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $28,000. Mpwm Advisory Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $30,000. Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $31,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares during the period. Finally, American Capital Advisory LLC raised its stake in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated 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 sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reissued an "outperform" rating and issued a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Citigroup boosted their target price on Advanced Micro Devices from $120.00 to $145.00 and gave the company a "neutral" rating in a research report on Monday. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. TD Cowen boosted their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Hsbc Global Res upgraded Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $139.55.

Advanced Micro Devices Stock Down 2.3%

Shares of NASDAQ AMD traded down $3.11 during mid-day trading on Monday, reaching $134.80. The company had a trading volume of 37,302,007 shares, compared to its average volume of 42,037,211. The firm has a 50 day simple moving average of $118.61 and a two-hundred day simple moving average of $111.56. The stock has a market cap of $218.56 billion, a P/E ratio of 99.12, a PEG ratio of 1.78 and a beta of 2.05. 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 52-week low of $76.48 and a 52-week high of $187.28.

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, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the firm posted $0.62 EPS. Advanced Micro Devices's quarterly revenue was up 35.9% on a year-over-year basis. Sell-side 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 of Directors has authorized a share buyback plan 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 shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are 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.