Vident Advisory LLC Purchases 115,935 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vident Advisory LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,484 shares of the semiconductor manufacturer's stock after purchasing an additional 115,935 shares during the quarter. Advanced Micro Devices accounts for about 0.7% of Vident Advisory LLC's portfolio, making the stock its 27th largest position. Vident Advisory LLC's holdings in Advanced Micro Devices were worth $39,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Greenline Partners LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $31,000. Finally, IAG Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock worth $33,000 after purchasing an additional 118 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Up 1.9%

NASDAQ AMD opened at $117.17 on Monday. The company has a market capitalization of $189.98 billion, a P/E ratio of 118.35, a P/E/G ratio of 1.11 and a beta of 1.97. The stock has a 50 day moving average price of $98.94 and a 200-day moving average price of $114.71. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. 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 issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 7.42% and a net margin of 6.36%. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMD shares. Dbs Bank downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Melius Research set a $110.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Evercore ISI dropped their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Barclays boosted their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.10.

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.

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