Westside Investment Management Inc. Has $1.05 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Westside Investment Management Inc. raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 73.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,190 shares of the semiconductor manufacturer's stock after buying an additional 4,316 shares during the quarter. Westside Investment Management Inc.'s holdings in Advanced Micro Devices were worth $1,047,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AMD. Norges Bank bought a new position in Advanced Micro Devices during the fourth quarter worth $2,867,193,000. Toronto Dominion Bank grew its position in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after purchasing an additional 2,889,739 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after purchasing an additional 2,874,012 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Advanced Micro Devices by 12,097.8% during the first quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer's stock valued at $206,402,000 after buying an additional 1,992,508 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 0.1%

NASDAQ:AMD opened at $143.81 on Monday. The company has a market cap of $233.17 billion, a price-to-earnings ratio of 105.74, a P/E/G ratio of 1.86 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The stock's fifty day moving average price is $113.06 and its two-hundred day moving average price is $110.94. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28.

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 (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business 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 8.30% and a net margin of 8.03%. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Sanford C. Bernstein decreased their target price 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. Roth Capital set a $150.00 price objective on Advanced Micro Devices and gave the stock a "buy" rating in a research report on Friday, June 13th. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the stock an "outperform" rating in a report on Friday, June 13th. Wedbush restated an "outperform" rating and issued a $120.00 target price (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $132.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.19.

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.

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