Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Raised by Trilogy Capital Inc.

Key Points

• Trilogy Capital Inc. increased its stake in Advanced Micro Devices (AMD) by 37.5%, owning a total of 24,069 shares valued at approximately $2.47 million.
• AMD's stock recently traded at $166.47, with significant trading volume and a 12-month high of $174.05.
• Analysts have varied ratings on AMD, with a consensus price target of $154.68 and several enhancements to target prices reflecting positive outlooks for the company.

Trilogy Capital Inc. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,069 shares of the semiconductor manufacturer's stock after purchasing an additional 6,562 shares during the period. Trilogy Capital Inc.'s holdings in Advanced Micro Devices were worth $2,473,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC grew its stake in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. grew its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $30,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMD has been the subject of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Benchmark restated a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Finally, Citigroup raised their target price on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Eleven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.68.

Advanced Micro Devices Stock Performance

Shares of AMD traded up $4.35 during mid-day trading on Friday, reaching $166.47. 53,186,893 shares of the company's stock traded hands, compared to its average volume of 46,238,572. The business's 50-day moving average price is $132.24 and its 200-day moving average price is $114.51. The stock has a market capitalization of $269.91 billion, a P/E ratio of 122.40, a price-to-earnings-growth ratio of 2.14 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $174.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. Equities 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 of Directors has approved a stock buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors 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.