ORG Partners LLC Purchases 2,961 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

ORG Partners LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 189.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,520 shares of the semiconductor manufacturer's stock after acquiring an additional 2,961 shares during the quarter. ORG Partners LLC's holdings in Advanced Micro Devices were worth $465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Kozak & Associates Inc. grew 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 valued at $29,000 after buying an additional 123 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $31,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

AMD opened at $128.24 on Friday. The business's 50-day moving average is $108.14 and its two-hundred day moving average is $111.10. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The firm has a market capitalization of $207.93 billion, a PE ratio of 94.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (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 quarter in the previous year, the firm earned $0.62 earnings per share. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMD shares. Stifel Nicolaus reaffirmed a "buy" rating and set a $132.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their target price for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Melius Research set a $110.00 target price on Advanced Micro Devices in a research note on Wednesday, May 7th. Piper Sandler increased their target price on Advanced Micro Devices from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Finally, Sanford C. Bernstein reduced their target price 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. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.61.

Insider Buying and Selling at Advanced Micro Devices

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 completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

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.

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