Semus Wealth Partners LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Semus Wealth Partners LLC has invested approximately $226,000 in Advanced Micro Devices, acquiring 2,195 shares in the first quarter.
• Multiple hedge funds have increased their stakes in AMD, with notable growth from Farmers & Merchants Trust Co and American Capital Advisory, showing strong institutional interest.
• AMD's stock analysts have provided positive outlooks, with several upgrades in ratings and price targets, notably from DZ Bank and Bank of America raising targets to $175.00.

Semus Wealth Partners LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,195 shares of the semiconductor manufacturer's stock, valued at approximately $226,000.

Several other hedge funds have also recently modified their holdings of AMD. Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock worth $4,224,840,000 after buying an additional 835,413 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Advanced Micro Devices by 9.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock valued at $2,585,079,000 after purchasing an additional 1,929,225 shares during the period. Northern Trust Corp grew its holdings in shares of Advanced Micro Devices by 20.1% in the fourth 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 during the period. Invesco Ltd. grew its stake in shares of Advanced Micro Devices by 7.2% in the 4th quarter. Invesco Ltd. now owns 11,368,317 shares of the semiconductor manufacturer's stock valued at $1,373,179,000 after buying an additional 765,447 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Advanced Micro Devices by 0.9% in the first quarter. Assenagon Asset Management S.A. now owns 8,614,342 shares of the semiconductor manufacturer's stock valued at $885,037,000 after purchasing an additional 73,657 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMD. Erste Group Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Rosenblatt Securities reissued a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Wedbush reiterated an "outperform" rating and set a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Evercore ISI set a $144.00 target price on shares of Advanced Micro Devices and gave the company an "outperform" rating in a report on Friday, June 13th. Finally, Barclays boosted their price objective on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $162.94.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was 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 owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 1.0%

Shares of NASDAQ AMD traded up $1.82 on Wednesday, reaching $179.26. 38,068,336 shares of the company traded hands, compared to its average volume of 44,102,598. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $182.31. The company has a 50 day moving average of $134.69 and a 200 day moving average of $115.25. 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 stock has a market capitalization of $290.65 billion, a PE ratio of 131.72, a P/E/G ratio of 2.30 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm 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 8.03% and a return on equity of 8.30%. The company's revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. On average, equities research analysts forecast 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 authorized a share buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally 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.