Waverly Advisors LLC Has $3.66 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Waverly Advisors LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 238.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,274 shares of the semiconductor manufacturer's stock after buying an additional 21,325 shares during the quarter. Waverly Advisors LLC's holdings in Advanced Micro Devices were worth $3,657,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $25,000. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Summit Securities Group LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $31,000. Finally, IAG Wealth Partners LLC boosted its stake in Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $33,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now 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 document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on AMD. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Barclays boosted their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Melius Research set a $110.00 price objective on Advanced Micro Devices in a research note on Wednesday, May 7th. UBS Group reduced their price objective on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Bank of America boosted their price objective on Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

Advanced Micro Devices Trading Down 1.3%

NASDAQ:AMD opened at $112.06 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The business's 50-day moving average price is $99.74 and its two-hundred day moving average price is $114.50. 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 has a market capitalization of $181.69 billion, a price-to-earnings ratio of 113.19, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities analysts expect 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 buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Advanced Micro Devices 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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