Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Rothschild Investment LLC

Rothschild Investment LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,297 shares of the semiconductor manufacturer's stock after buying an additional 2,646 shares during the quarter. Rothschild Investment LLC's holdings in Advanced Micro Devices were worth $4,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $2,867,193,000. Toronto Dominion Bank increased its holdings in shares of 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 valued at $660,475,000 after purchasing an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of 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 valued at $364,459,000 after purchasing an additional 2,889,739 shares in the last quarter. Northern Trust Corp increased its holdings in shares of 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 valued at $2,072,215,000 after purchasing an additional 2,874,012 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction 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 transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

AMD stock traded down $2.96 during midday trading on Friday, reaching $110.07. The stock had a trading volume of 36,035,850 shares, compared to its average volume of 41,884,741. The company's fifty day simple moving average is $100.25 and its 200 day simple moving average is $112.70. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market cap of $178.47 billion, a price-to-earnings ratio of 111.18, a price-to-earnings-growth ratio of 1.11 and a beta 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 for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Dbs Bank lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Evercore ISI cut their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Mizuho lifted their target price on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Fifteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $132.58.

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.