Sendero Wealth Management LLC Acquires 4,661 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sendero Wealth Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 17.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,215 shares of the semiconductor manufacturer's stock after acquiring an additional 4,661 shares during the quarter. Sendero Wealth Management LLC's holdings in Advanced Micro Devices were worth $3,207,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $34,366,000. Revolve Wealth Partners LLC raised its holdings in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after buying an additional 234 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $1,726,000. Finally, Stock Yards Bank & Trust Co. raised its holdings in shares of Advanced Micro Devices by 10.4% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 7,419 shares of the semiconductor manufacturer's stock valued at $896,000 after buying an additional 697 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMD has been the subject of a number of research reports. Morgan Stanley cut their price objective on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Benchmark reaffirmed a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. HSBC raised shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. TD Cowen upped their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus set a $132.00 price target on Advanced Micro Devices in a research report on Monday, April 28th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices 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 value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Up 0.4%

Shares of AMD traded up $0.50 on Friday, reaching $116.19. The stock had a trading volume of 26,964,110 shares, compared to its average volume of 41,498,489. The firm has a market capitalization of $188.39 billion, a price-to-earnings ratio of 117.36, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. 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 $101.39 and a 200-day simple moving average of $112.13. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

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.