Wealthspan Partners LLC Invests $213,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealthspan Partners LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 2,077 shares of the semiconductor manufacturer's stock, valued at approximately $213,000.

A number of other large investors have also recently made changes to their positions in the business. Main Street Financial Solutions LLC grew its position in shares of Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock worth $314,000 after buying an additional 98 shares during the last quarter. BCM Advisors LLC grew 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 worth $1,366,000 after buying an additional 103 shares during the last quarter. Sunpointe LLC grew its position in shares of Advanced Micro Devices by 6.4% in the 4th quarter. Sunpointe LLC now owns 1,784 shares of the semiconductor manufacturer's stock worth $216,000 after buying an additional 108 shares during the last quarter. Plancorp LLC grew its position in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock worth $620,000 after buying an additional 112 shares during the last quarter. Finally, Simmons Bank grew its position in shares of Advanced Micro Devices by 5.4% in the 4th quarter. Simmons Bank now owns 2,198 shares of the semiconductor manufacturer's stock worth $265,000 after buying an additional 113 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 0.2%

Shares of NASDAQ:AMD opened at $126.79 on Thursday. The company has a market cap of $205.58 billion, a P/E ratio of 93.23, a PEG 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, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock's fifty day moving average price is $106.68 and its 200-day moving average price is $111.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has authorized a share repurchase 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently weighed in on AMD. Sanford C. Bernstein dropped their price target on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. UBS Group dropped their price target on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. HSBC upgraded Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $134.61.

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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