Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,796 shares of the semiconductor manufacturer's stock after acquiring an additional 16,691 shares during the quarter. Wealthfront Advisers LLC's holdings in Advanced Micro Devices were worth $27,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenline Partners LLC bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares in the last quarter. American Capital Advisory LLC boosted its position in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Kozak & Associates Inc. grew its stake in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $30,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 0.2%

NASDAQ AMD traded up $0.33 on Thursday, hitting $160.41. The stock had a trading volume of 50,400,461 shares, compared to its average volume of 42,051,613. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $174.05. The business's fifty day moving average price is $125.41 and its 200 day moving average price is $112.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The stock has a market cap of $260.09 billion, a price-to-earnings ratio of 117.95, a price-to-earnings-growth ratio of 2.08 and a beta of 2.05.

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 for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the company earned $0.62 earnings per share. The company's quarterly revenue was up 35.9% on a year-over-year basis. Equities research analysts anticipate 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 approved 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMD. Jefferies Financial Group upped their price objective on Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday. Evercore ISI set a $144.00 price objective on shares of Advanced Micro Devices and gave the company an "outperform" rating in a research report on Friday, June 13th. Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a report on Monday, June 9th. Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Citigroup reaffirmed a "hold" rating on shares of Advanced Micro Devices in a research note on Monday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.58.

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.