Prevail Innovative Wealth Advisors LLC Purchases 6,236 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prevail Innovative Wealth Advisors LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,457 shares of the semiconductor manufacturer's stock after purchasing an additional 6,236 shares during the quarter. Advanced Micro Devices comprises approximately 1.8% of Prevail Innovative Wealth Advisors LLC's holdings, making the stock its 7th biggest holding. Prevail Innovative Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $6,931,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter worth $2,867,193,000. Toronto Dominion Bank increased its stake in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after buying an additional 4,461,609 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after buying an additional 2,889,739 shares during the period. Northern Trust Corp increased its stake in Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after buying an additional 2,874,012 shares during the period. Finally, GAMMA Investing LLC increased its stake in Advanced Micro Devices by 12,097.8% during the 1st quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer's stock worth $206,402,000 after buying an additional 1,992,508 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $0.24 during midday trading on Wednesday, reaching $155.38. The company's stock had a trading volume of 27,803,012 shares, compared to its average volume of 41,890,599. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $124.22 and a 200 day moving average price of $112.46. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $179.75. The company has a market cap of $251.93 billion, a price-to-earnings ratio of 114.35, a price-to-earnings-growth ratio of 1.95 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping 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 business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has initiated a share buyback plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on AMD. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. Wedbush reissued an "outperform" rating and issued a $120.00 target price (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Dbs Bank downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Evercore ISI set a $144.00 target price on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Friday, June 13th. Finally, Susquehanna dropped their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $149.84.

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.