Vivid Wealth Management LLC Acquires 6,788 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vivid Wealth Management LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 43.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,305 shares of the semiconductor manufacturer's stock after acquiring an additional 6,788 shares during the quarter. Vivid Wealth Management LLC's holdings in Advanced Micro Devices were worth $2,292,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AMD. Main Street Financial Solutions LLC lifted its position in Advanced Micro Devices by 3.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock worth $314,000 after purchasing an additional 98 shares during the period. BCM Advisors LLC raised its position in shares of Advanced Micro Devices by 0.9% in the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer's stock valued at $1,366,000 after buying an additional 103 shares in the last quarter. Sunpointe LLC lifted its holdings in shares of Advanced Micro Devices by 6.4% during the 4th quarter. Sunpointe LLC now owns 1,784 shares of the semiconductor manufacturer's stock worth $216,000 after acquiring an additional 108 shares during the period. Plancorp LLC boosted its position in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after acquiring an additional 112 shares in the last quarter. Finally, Simmons Bank boosted its position in shares of Advanced Micro Devices by 5.4% during the 4th quarter. Simmons Bank now owns 2,198 shares of the semiconductor manufacturer's stock worth $265,000 after acquiring an additional 113 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

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 transaction, the executive vice president now owns 1,713,710 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Morgan Stanley decreased their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Barclays upped their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Wedbush reiterated an "outperform" rating and issued a $120.00 target price (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Loop Capital lowered their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $134.61.

Advanced Micro Devices Stock Down 0.2%

Shares of Advanced Micro Devices stock traded down $0.31 during trading on Wednesday, reaching $126.79. 49,442,387 shares of the company traded hands, compared to its average volume of 41,812,839. The company has a 50 day moving average price of $106.08 and a 200-day moving average price of $111.19. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The firm has a market capitalization of $205.58 billion, a PE ratio of 93.23, a P/E/G ratio of 1.64 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97.

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, beating analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm's revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. As a group, equities research 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 stock buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors 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.