Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Increased by Wealth Quarterback LLC

Wealth Quarterback LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,501 shares of the semiconductor manufacturer's stock after purchasing an additional 3,955 shares during the quarter. Wealth Quarterback LLC's holdings in Advanced Micro Devices were worth $1,182,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Meridian Wealth Advisors LLC boosted its stake in Advanced Micro Devices by 21.9% during the first quarter. Meridian Wealth Advisors LLC now owns 34,517 shares of the semiconductor manufacturer's stock worth $3,546,000 after buying an additional 6,197 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in Advanced Micro Devices by 42.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 642 shares of the semiconductor manufacturer's stock valued at $66,000 after acquiring an additional 190 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Advanced Micro Devices by 49.6% in the first quarter. Lindbrook Capital LLC now owns 26,671 shares of the semiconductor manufacturer's stock valued at $2,740,000 after acquiring an additional 8,840 shares during the last quarter. Parkworth Wealth Management Inc. lifted its stake in Advanced Micro Devices by 2,846.2% in the first quarter. Parkworth Wealth Management Inc. now owns 383 shares of the semiconductor manufacturer's stock valued at $39,000 after buying an additional 370 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Advanced Micro Devices by 2.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 223,263 shares of the semiconductor manufacturer's stock worth $22,938,000 after purchasing an additional 5,363 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Down 2.1%

Shares of Advanced Micro Devices stock traded down $3.42 on Friday, hitting $156.99. The stock had a trading volume of 48,717,572 shares, compared to its average volume of 41,807,326. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $174.05. The stock has a market cap of $254.54 billion, a price-to-earnings ratio of 115.43, a PEG ratio of 2.08 and a beta of 2.05. The stock's 50-day simple moving average is $127.67 and its two-hundred day simple moving average is $113.25.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a share buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have weighed in on AMD. Piper Sandler set a $270.00 price target on Advanced Micro Devices and gave the company an "overweight" rating in a report on Thursday, July 10th. Sanford C. Bernstein reaffirmed a "reduce" rating on shares of Advanced Micro Devices in a research note on Tuesday, July 1st. Barclays lifted their price target on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Wells Fargo & Company boosted their price target on Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Citigroup increased their target price on Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $153.23.

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.