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

Sentry LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,182 shares of the semiconductor manufacturer's stock, valued at approximately $224,000.

Several other large investors also recently added to or reduced their stakes in the stock. Sagespring Wealth Partners LLC increased its stake in Advanced Micro Devices by 27.0% during the first quarter. Sagespring Wealth Partners LLC now owns 21,827 shares of the semiconductor manufacturer's stock worth $2,243,000 after acquiring an additional 4,639 shares during the last quarter. Great Lakes Retirement Inc. increased its stake in Advanced Micro Devices by 5.0% during the first quarter. Great Lakes Retirement Inc. now owns 76,812 shares of the semiconductor manufacturer's stock worth $7,892,000 after acquiring an additional 3,660 shares during the last quarter. Mission Wealth Management LP increased its stake in Advanced Micro Devices by 3.0% during the first quarter. Mission Wealth Management LP now owns 33,185 shares of the semiconductor manufacturer's stock worth $3,409,000 after acquiring an additional 980 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in shares of Advanced Micro Devices by 38.1% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 5,344 shares of the semiconductor manufacturer's stock valued at $549,000 after buying an additional 1,474 shares during the period. Finally, Pflug Koory LLC boosted its position in shares of Advanced Micro Devices by 2.8% during the first quarter. Pflug Koory LLC now owns 5,095 shares of the semiconductor manufacturer's stock valued at $523,000 after buying an additional 139 shares during the period. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on AMD shares. Citigroup boosted their target price on Advanced Micro Devices from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Melius Research set a $110.00 target price on Advanced Micro Devices in a research report on Wednesday, May 7th. Morgan Stanley dropped their target price on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Finally, Hsbc Global Res upgraded Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 27th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.13.

Advanced Micro Devices Price Performance

Shares of AMD opened at $116.16 on Monday. The business's 50-day moving average is $104.51 and its two-hundred day moving average is $111.15. The company has a market capitalization of $188.34 billion, a P/E ratio of 117.33, a P/E/G 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. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.62 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has approved a share buyback plan 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 stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the 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 completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

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.

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