Versant Capital Management Inc Has $387,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Versant Capital Management Inc raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 173.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,765 shares of the semiconductor manufacturer's stock after purchasing an additional 2,386 shares during the period. Versant Capital Management Inc's holdings in Advanced Micro Devices were worth $387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMD. Brighton Jones LLC grew its holdings in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Advanced Micro Devices during the 4th quarter worth $34,366,000. Revolve Wealth Partners LLC grew its stake in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after buying an additional 234 shares during the last quarter. Strategic Blueprint LLC grew its stake in Advanced Micro Devices by 35.7% during the 4th quarter. Strategic Blueprint LLC now owns 9,218 shares of the semiconductor manufacturer's stock worth $1,113,000 after buying an additional 2,425 shares during the last quarter. Finally, Highland Capital Management LLC grew its stake in Advanced Micro Devices by 61.1% during the 4th quarter. Highland Capital Management LLC now owns 11,009 shares of the semiconductor manufacturer's stock worth $1,330,000 after buying an additional 4,177 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on AMD. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Raymond James restated an "outperform" rating and issued a $120.00 target price (down previously from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Stifel Nicolaus set a $132.00 price objective on Advanced Micro Devices in a report on Monday, April 28th. Finally, TD Cowen increased their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $132.58.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm'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 completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 2.6%

Shares of NASDAQ:AMD traded down $2.96 during midday trading on Friday, reaching $110.07. The company had a trading volume of 36,035,850 shares, compared to its average volume of 41,884,741. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a fifty day simple moving average of $100.25 and a two-hundred day simple moving average of $112.88. The firm has a market cap of $178.47 billion, a price-to-earnings ratio of 111.18, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period last year, the company posted $0.62 earnings per share. The business's revenue for the quarter was up 35.9% on a year-over-year basis. Research 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 initiated a share repurchase plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership 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.