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

Personal CFO Solutions LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 179.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,496 shares of the semiconductor manufacturer's stock after purchasing an additional 4,174 shares during the quarter. Personal CFO Solutions LLC's holdings in Advanced Micro Devices were worth $667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. Main Street Financial Solutions LLC grew its stake in Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after buying an additional 98 shares during the last quarter. Plancorp LLC grew its position in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after purchasing an additional 112 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of Advanced Micro Devices by 1.5% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after purchasing an additional 115 shares in the last quarter. Alaethes Wealth LLC grew its position in shares of Advanced Micro Devices by 0.7% during the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after purchasing an additional 115 shares in the last quarter. Finally, Sunflower Bank N.A. grew its position in shares of Advanced Micro Devices by 4.3% during the 1st quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock worth $288,000 after purchasing an additional 116 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of analyst reports. Piper Sandler set a $270.00 target price on shares of Advanced Micro Devices and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their target price for the stock from $110.00 to $175.00 in a research report on Monday, June 23rd. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research report on Friday, June 13th. Finally, Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.

Advanced Micro Devices Trading Up 4.2%

Shares of AMD stock traded up $5.75 during trading hours on Thursday, hitting $144.16. 60,896,933 shares of the company's stock traded hands, compared to its average volume of 41,798,510. The stock's 50 day simple moving average is $120.26 and its 200 day simple moving average is $111.93. The stock has a market cap of $233.74 billion, a PE ratio of 106.00, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.11. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly 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. 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 net margin of 8.03% and a return on equity of 8.30%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.