Stratos Wealth Advisors LLC Has $1.35 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stratos Wealth Advisors LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 48.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,173 shares of the semiconductor manufacturer's stock after purchasing an additional 4,315 shares during the quarter. Stratos Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $1,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Main Street Financial Solutions LLC increased its stake in Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after buying an additional 98 shares during the last quarter. Plancorp LLC increased its position in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock valued at $620,000 after acquiring an additional 112 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in Advanced Micro Devices by 1.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after acquiring an additional 115 shares during the period. Alaethes Wealth LLC boosted its holdings in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after buying an additional 115 shares during the last quarter. Finally, Sunflower Bank N.A. grew its position in Advanced Micro Devices by 4.3% during the first quarter. Sunflower Bank N.A. now owns 2,808 shares of the semiconductor manufacturer's stock valued at $288,000 after buying an additional 116 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Activity

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 sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $2.26 during midday trading on Friday, reaching $146.42. The company's stock had a trading volume of 49,944,990 shares, compared to its average volume of 41,762,072. The company has a 50 day moving average price of $122.16 and a 200 day moving average price of $112.20. The company has a market cap of $237.41 billion, a price-to-earnings ratio of 107.66, a price-to-earnings-growth ratio of 1.86 and a beta of 2.05. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.99. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm's revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMD shares. Mizuho upped their price objective on Advanced Micro Devices from $135.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research note on Monday, June 23rd. Robert W. Baird cut their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group raised shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price objective for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.00.

About Advanced Micro Devices

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.