United Bank Buys 4,213 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

United Bank raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 63.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,863 shares of the semiconductor manufacturer's stock after acquiring an additional 4,213 shares during the period. United Bank's holdings in Advanced Micro Devices were worth $1,116,000 as of its most recent SEC filing.

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 during the 4th quarter worth $28,000. Mpwm Advisory Solutions LLC bought a new position in Advanced Micro Devices during the fourth quarter worth about $30,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices during the fourth quarter worth about $31,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in 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 worth $28,000 after purchasing an additional 200 shares during the period. Finally, American Capital Advisory LLC grew its holdings in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Mizuho boosted their price target on Advanced Micro Devices from $152.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective for the company in a research report on Thursday, May 8th. Evercore ISI set a $144.00 price objective on shares of Advanced Micro Devices and gave the company an "outperform" rating in a research report on Friday, June 13th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $154.68.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $3.83 during midday trading on Tuesday, hitting $153.17. The company's stock had a trading volume of 25,260,948 shares, compared to its average volume of 43,250,770. The business's 50 day simple moving average is $127.67 and its 200 day simple moving average is $113.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The company has a market cap of $248.35 billion, a P/E ratio of 112.62, a price-to-earnings-growth ratio of 2.08 and a beta of 2.05. 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 issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. Advanced Micro Devices's quarterly revenue was up 35.9% compared to the same quarter last year. On average, analysts forecast 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 share buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.