Personal CFO Solutions LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Personal CFO Solutions LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 179.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth about $28,000. Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at $31,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, American Capital Advisory LLC boosted its stake in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 directly owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMD shares. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. Loop Capital reduced their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Monday, June 23rd. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, Citigroup boosted their price target on shares of Advanced Micro Devices from $120.00 to $145.00 and gave the company a "neutral" rating in a report on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $153.61.

Advanced Micro Devices Stock Performance

AMD traded up $5.29 during midday trading on Thursday, reaching $143.70. The company's stock had a trading volume of 40,550,088 shares, compared to its average volume of 41,915,535. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The stock has a market cap of $233.00 billion, a P/E ratio of 105.44, a PEG ratio of 1.78 and a beta of 2.05. The company has a fifty day simple moving average of $120.26 and a 200 day simple moving average of $111.93. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.30% and a net margin of 8.03%. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

About Advanced Micro Devices

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.