Private Advisory Group LLC Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

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Private Advisory Group LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,363 shares of the semiconductor manufacturer's stock after buying an additional 10,735 shares during the quarter. Private Advisory Group LLC's holdings in Advanced Micro Devices were worth $8,667,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its position in shares of Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the period. Nicolet Bankshares Inc. boosted its position in shares of Advanced Micro Devices by 56.4% in the fourth quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock worth $426,000 after purchasing an additional 1,271 shares during the period. Bank Pictet & Cie Europe AG boosted its position in shares of Advanced Micro Devices by 12.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares during the period. Heritage Trust Co bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $804,000. Finally, Valicenti Advisory Services Inc. lifted its holdings in shares of Advanced Micro Devices by 4.0% in the first quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock worth $7,893,000 after buying an additional 2,944 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMD shares. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Evercore ISI set a $144.00 target price on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a report on Friday, June 13th. Raymond James Financial reissued an "outperform" rating and issued a $120.00 target price (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Benchmark reissued a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Finally, TD Cowen upped their price target on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.94.

Advanced Micro Devices Stock Down 3.2%

Shares of NASDAQ:AMD traded down $5.56 during trading on Friday, reaching $170.75. The stock had a trading volume of 19,023,805 shares, compared to its average volume of 44,284,082. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $182.50. The company has a market capitalization of $276.86 billion, a P/E ratio of 125.27, a PEG ratio of 2.37 and a beta of 2.05. 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 firm's 50-day simple moving average is $137.35 and its 200 day simple moving average is $116.10.

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 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 business had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same period last year, the business earned $0.62 EPS. The company's revenue was up 35.9% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.06% of the company's stock.

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.