Putney Financial Group LLC Makes New $402,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Putney Financial Group LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,325 shares of the semiconductor manufacturer's stock, valued at approximately $402,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Greenline Partners LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Finally, Summit Securities Group LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $0.03 on Thursday, reaching $112.83. The stock had a trading volume of 18,557,043 shares, compared to its average volume of 42,029,415. The stock has a market cap of $182.95 billion, a P/E ratio of 114.17, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a 50 day simple moving average of $100.36 and a 200 day simple moving average of $113.35. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year 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 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. 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 business earned $0.62 earnings per share. The business's revenue was up 35.9% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows 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.

Analysts Set New Price Targets

AMD has been the subject of several research analyst reports. DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price for the company in a research note on Thursday, May 8th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Morgan Stanley cut their target price on 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. Wedbush reaffirmed an "outperform" rating and set a $120.00 target price (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Hsbc Global Res raised Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research report on Tuesday. Fifteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Insiders Place Their Bets

In other Advanced Micro Devices 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 transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by insiders.

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.