Schear Investment Advisers LLC Buys 2,778 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Schear Investment Advisers LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 24,538 shares of the semiconductor manufacturer's stock after purchasing an additional 2,778 shares during the quarter. Advanced Micro Devices accounts for 1.5% of Schear Investment Advisers LLC's portfolio, making the stock its 17th largest position. Schear Investment Advisers LLC's holdings in Advanced Micro Devices were worth $2,521,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Main Street Financial Solutions LLC lifted its position in shares of Advanced Micro Devices by 3.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock worth $314,000 after buying an additional 98 shares during the last quarter. Plancorp LLC increased its stake in Advanced Micro Devices by 2.2% during the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock valued at $620,000 after acquiring an additional 112 shares during the period. Jaffetilchin Investment Partners LLC lifted its holdings in shares of Advanced Micro Devices by 1.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock valued at $957,000 after acquiring an additional 115 shares during the period. Alaethes Wealth LLC raised its position in Advanced Micro Devices by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock valued at $1,891,000 after purchasing an additional 115 shares during the last quarter. Finally, Sunflower Bank N.A. raised its stake in shares of Advanced Micro Devices by 4.3% in the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock worth $288,000 after acquiring an additional 116 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the topic of a number of analyst reports. Susquehanna cut their price target on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Evercore ISI set a $144.00 price objective on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Friday, June 13th. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price target for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Finally, Mizuho boosted their price objective on shares of Advanced Micro Devices from $135.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $147.00.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $2.26 during trading on Friday, hitting $146.42. 49,944,990 shares of the company's stock traded hands, compared to its average volume of 41,725,687. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $185.50. The stock has a market capitalization of $237.41 billion, a price-to-earnings ratio of 107.66, a PEG ratio of 1.89 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The business has a 50 day moving average of $122.16 and a 200-day moving average of $112.11.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the firm earned $0.62 EPS. The business's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has approved a stock repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is 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.