Stephens Inc. AR Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stephens Inc. AR increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,148 shares of the semiconductor manufacturer's stock after purchasing an additional 2,733 shares during the period. Stephens Inc. AR's holdings in Advanced Micro Devices were worth $3,097,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares during the period. American Capital Advisory LLC boosted its stake in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 130 shares in the last quarter. Kozak & Associates Inc. grew its holdings in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMD. Jefferies Financial Group increased their price target on shares of Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research report on Monday, June 23rd. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research note on Thursday, May 8th. Morgan Stanley dropped their price objective on 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. Finally, Citigroup reiterated a "hold" rating on shares of Advanced Micro Devices in a research report on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $152.58.

Advanced Micro Devices Stock Up 2.9%

NASDAQ AMD traded up $4.47 during trading hours on Wednesday, hitting $160.08. The company had a trading volume of 59,162,865 shares, compared to its average volume of 42,011,763. The firm's 50 day moving average is $124.22 and its 200 day moving average is $112.46. The company has a market capitalization of $259.55 billion, a price-to-earnings ratio of 117.71, a P/E/G ratio of 1.95 and a beta of 2.05. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $179.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97.

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, beating analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management 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.