3,325 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Putney Financial Group LLC

Putney Financial Group LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,325 shares of the semiconductor manufacturer's stock, valued at approximately $402,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the fourth quarter worth $25,000. Greenline Partners LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $29,000. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. HSBC upgraded shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a report on Tuesday. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Wells Fargo & Company cut their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Susquehanna dropped their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Fourteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given 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 $132.58.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 3.9%

AMD traded up $4.25 on Tuesday, reaching $114.56. 37,748,913 shares of the company's stock were exchanged, compared to its average volume of 42,275,512. The company's 50 day moving average is $100.08 and its 200-day moving average is $113.34. The company has a market cap of $185.75 billion, a price-to-earnings ratio of 115.72, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

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 company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has initiated a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.