Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Strategic Planning Group LLC

Strategic Planning Group LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 56.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,956 shares of the semiconductor manufacturer's stock after buying an additional 13,387 shares during the period. Strategic Planning Group LLC's holdings in Advanced Micro Devices were worth $3,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after buying an additional 29,438 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Advanced Micro Devices in the 4th quarter worth $34,366,000. Revolve Wealth Partners LLC lifted its position in 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 worth $1,001,000 after acquiring an additional 234 shares during the period. Spire Wealth Management acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $1,726,000. Finally, Stock Yards Bank & Trust Co. grew its stake in 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 purchasing an additional 697 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's 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 directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 2.4%

AMD stock traded down $2.89 during trading on Thursday, hitting $115.69. 34,020,989 shares of the company's stock were exchanged, compared to its average volume of 41,667,318. The business has a 50-day moving average price of $100.86 and a two-hundred day moving average price of $112.45. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $187.58 billion, a price-to-earnings ratio of 116.86, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the firm posted $0.62 EPS. The company's revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on AMD. Dbs Bank cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Bank of America increased their target price on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Melius Research set a $110.00 price target on Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Argus set a $160.00 price target on Advanced Micro Devices in a research report on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.58.

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.