Personal CFO Solutions LLC Acquires 4,174 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Personal CFO Solutions LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 179.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,496 shares of the semiconductor manufacturer's stock after purchasing an additional 4,174 shares during the period. Personal CFO Solutions LLC's holdings in Advanced Micro Devices were worth $667,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. American Capital Advisory LLC raised its stake in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Kozak & Associates Inc. raised its stake in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $30,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 1.6%

AMD traded up $2.26 during trading on Friday, reaching $146.42. The company had a trading volume of 49,944,990 shares, compared to its average volume of 41,762,072. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.99. The business's fifty day moving average price is $122.16 and its 200 day moving average price is $112.20. The company has a market cap of $237.41 billion, a P/E ratio of 107.66, a PEG ratio of 1.86 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results 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 quarter in the previous year, the firm posted $0.62 earnings per share. The business's revenue was up 35.9% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has approved a share 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research note on Monday, June 23rd. KeyCorp downgraded shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Benchmark reaffirmed a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Finally, HSBC upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price target for the company in a research report on Thursday. One 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $147.00.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on 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 transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.