Valicenti Advisory Services Inc. Purchases 2,944 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Valicenti Advisory Services Inc. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,826 shares of the semiconductor manufacturer's stock after buying an additional 2,944 shares during the quarter. Advanced Micro Devices accounts for approximately 2.0% of Valicenti Advisory Services Inc.'s holdings, making the stock its 17th biggest holding. Valicenti Advisory Services Inc.'s holdings in Advanced Micro Devices were worth $7,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $29,000. Kozak & Associates Inc. grew its stake in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $31,000. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 0.2%

Shares of AMD traded up $0.28 during trading hours on Thursday, reaching $143.68. The stock had a trading volume of 57,914,689 shares, compared to its average volume of 42,124,839. The company has a market cap of $232.96 billion, a P/E ratio of 105.65, a P/E/G ratio of 1.79 and a beta of 1.99. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $110.81 and a 200 day moving average of $111.01.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results 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 company 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 8.30% and a net margin of 8.03%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

A number of research firms recently commented on AMD. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their price target for the stock from $110.00 to $175.00 in a research report on Monday. Evercore ISI set a $144.00 target price on Advanced Micro Devices and gave the company an "outperform" rating in a research note on Friday, June 13th. Loop Capital decreased their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the company a "buy" rating in a research report on Friday, June 13th. Finally, Wedbush reiterated an "outperform" rating and set a $120.00 target price (up from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $138.19.

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.