PFG Investments LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

PFG Investments LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,887 shares of the semiconductor manufacturer's stock after acquiring an additional 7,656 shares during the quarter. PFG Investments LLC's holdings in Advanced Micro Devices were worth $5,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $29,000. Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $30,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $31,000. Finally, IAG Wealth Partners LLC increased its holdings in Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock worth $33,000 after buying an additional 118 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $1.45 during mid-day trading on Friday, reaching $128.24. 79,777,415 shares of the company traded hands, compared to its average volume of 41,681,040. The company's 50 day moving average price is $108.14 and its 200-day moving average price is $110.87. The firm has a market cap of $207.93 billion, a PE ratio of 94.29, a PEG ratio of 1.66 and a beta of 1.99. 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 52 week low of $76.48 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company 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 firm's revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Mizuho lifted their price objective on Advanced Micro Devices from $117.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Hsbc Global Res upgraded Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 27th. Benchmark reiterated a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Finally, Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.61.

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.