Triumph Capital Management Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Triumph Capital Management increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,327 shares of the semiconductor manufacturer's stock after purchasing an additional 4,992 shares during the quarter. Advanced Micro Devices makes up approximately 1.0% of Triumph Capital Management's investment portfolio, making the stock its 22nd largest position. Triumph Capital Management's holdings in Advanced Micro Devices were worth $2,818,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Segment Wealth Management LLC increased its position in Advanced Micro Devices by 0.5% during the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock worth $1,937,000 after purchasing an additional 87 shares during the last quarter. Koshinski Asset Management Inc. raised its position in shares of Advanced Micro Devices by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock valued at $575,000 after buying an additional 91 shares during the period. TFG Advisers LLC lifted its holdings in Advanced Micro Devices by 2.0% in the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock valued at $573,000 after acquiring an additional 92 shares during the last quarter. BSW Wealth Partners grew its position in Advanced Micro Devices by 1.1% in the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock worth $1,068,000 after acquiring an additional 94 shares during the period. Finally, DMC Group LLC increased its stake in Advanced Micro Devices by 0.8% during the fourth quarter. DMC Group LLC now owns 11,738 shares of the semiconductor manufacturer's stock worth $1,418,000 after acquiring an additional 95 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reiterated an "overweight" rating and set a $120.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 7th. DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a report on Thursday, May 8th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Bank of America increased their price target on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.58.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction that occurred 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 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 SEC, which is available at the SEC website. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $2.43 during mid-day trading on Monday, hitting $114.74. The stock had a trading volume of 37,547,453 shares, compared to its average volume of 42,668,945. The company has a market cap of $186.04 billion, a price-to-earnings ratio of 115.90, a P/E/G ratio of 1.11 and a beta of 1.97. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a 50 day simple moving average of $98.94 and a 200 day simple moving average of $114.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has approved a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to purchase 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 stock is undervalued.

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.