Victrix Investment Advisors Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Victrix Investment Advisors purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,066 shares of the semiconductor manufacturer's stock, valued at approximately $854,000.

A number of other hedge funds also recently made changes to their positions in the stock. Segment Wealth Management LLC increased its position in shares of Advanced Micro Devices by 0.5% in the 4th quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after buying an additional 87 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in Advanced Micro Devices by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after acquiring an additional 91 shares in the last quarter. TFG Advisers LLC grew its stake 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 period. BSW Wealth Partners increased its holdings in shares of 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 in the last quarter. Finally, DMC Group LLC increased its holdings in shares of Advanced Micro Devices by 0.8% in 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 in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMD shares. Robert W. Baird cut their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Bank of America lifted their price target on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Susquehanna lowered their price objective on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Finally, Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $132.10.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $117.17 on Monday. The firm has a market capitalization of $189.98 billion, a P/E ratio of 118.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is $98.94 and its two-hundred day moving average price is $114.71. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share 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 for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the business earned $0.62 EPS. Advanced Micro Devices's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows 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 board of directors believes its stock is 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.

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