St. Louis Financial Planners Asset Management LLC Invests $2.37 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 23,110 shares of the semiconductor manufacturer's stock, valued at approximately $2,374,000. Advanced Micro Devices accounts for approximately 1.8% of St. Louis Financial Planners Asset Management LLC's investment portfolio, making the stock its 15th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter worth $25,000. Greenline Partners LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Benchmark reissued a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Evercore ISI cut their price target on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Morgan Stanley lowered their price objective on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. UBS Group dropped their price objective on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Citigroup reiterated a "neutral" rating on shares of Advanced Micro Devices in a research report on Wednesday, May 14th. Fifteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $132.58.

Advanced Micro Devices Trading Down 2.6%

NASDAQ:AMD traded down $2.96 during midday trading on Friday, reaching $110.07. 36,035,850 shares of the stock traded hands, compared to its average volume of 41,884,741. The company has a fifty day moving average of $100.25 and a 200 day moving average of $112.70. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. 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 stock has a market capitalization of $178.47 billion, a P/E ratio of 111.18, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period in the prior year, the business posted $0.62 EPS. The firm's revenue was up 35.9% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally 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 business's stock in a transaction on Tuesday, April 15th. The shares were 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 directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by company 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.