Optimum Investment Advisors Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Optimum Investment Advisors grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 70.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,870 shares of the semiconductor manufacturer's stock after purchasing an additional 2,424 shares during the period. Optimum Investment Advisors' holdings in Advanced Micro Devices were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMD. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares during the period. American Capital Advisory LLC increased its stake in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 130 shares during the period. Kozak & Associates Inc. increased its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on AMD shares. Stifel Nicolaus restated a "buy" rating and set a $132.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. The Goldman Sachs Group raised Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a report on Thursday. Barclays upped their price target on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Sanford C. Bernstein reaffirmed a "reduce" rating on shares of Advanced Micro Devices in a report on Tuesday, July 1st. Finally, Dbs Bank downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $2.26 during mid-day trading on Friday, hitting $146.42. 49,944,990 shares of the company were exchanged, compared to its average volume of 41,725,687. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $122.16 and a 200-day simple moving average of $112.11. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $185.50. The firm has a market cap of $237.41 billion, a price-to-earnings ratio of 107.66, a price-to-earnings-growth ratio of 1.89 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share 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 the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company's stock.

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.