Parcion Private Wealth LLC Purchases Shares of 2,551 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Parcion Private Wealth LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,551 shares of the semiconductor manufacturer's stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Main Street Financial Solutions LLC lifted its holdings in shares of Advanced Micro Devices by 3.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock worth $314,000 after buying an additional 98 shares in the last quarter. Plancorp LLC increased its stake in shares of Advanced Micro Devices by 2.2% in the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock valued at $620,000 after buying an additional 112 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of Advanced Micro Devices by 1.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $957,000 after buying an additional 115 shares during the period. Alaethes Wealth LLC increased its stake in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after buying an additional 115 shares during the period. Finally, Sunflower Bank N.A. increased its stake in shares of Advanced Micro Devices by 4.3% in the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock valued at $288,000 after buying an additional 116 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

AMD stock traded up $0.33 during trading on Thursday, reaching $160.41. 50,400,461 shares of the company were exchanged, compared to its average volume of 41,912,371. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $174.05. The company has a market cap of $260.09 billion, a P/E ratio of 117.95, a PEG ratio of 2.14 and a beta of 2.05. The stock's 50 day moving average price is $125.41 and its 200 day moving average price is $112.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80.

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 (EPS) for the quarter, topping 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 business had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business's revenue was up 35.9% on a year-over-year basis. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMD. Barclays upped their target price on Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target for the company in a research report on Thursday, May 8th. Citigroup reissued a "hold" rating on shares of Advanced Micro Devices in a research report on Monday. TD Cowen raised their target price on Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Roth Capital set a $150.00 target price on Advanced Micro Devices and gave the company a "buy" rating in a research report on Friday, June 13th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $152.58.

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.