White Knight Strategic Wealth Advisors LLC Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

White Knight Strategic Wealth Advisors LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 89.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,614 shares of the semiconductor manufacturer's stock after purchasing an additional 3,598 shares during the period. White Knight Strategic Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $920,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $65,897,000. Enzi Wealth bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $569,000. Welch Group LLC grew its holdings in Advanced Micro Devices by 6.3% during the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after purchasing an additional 2,981 shares during the last quarter. Stonegate Investment Group LLC raised its position in Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after purchasing an additional 145,067 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. Melius Research set a $110.00 target price on Advanced Micro Devices in a research note on Wednesday, May 7th. Sanford C. Bernstein cut their price objective 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $120.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Citigroup restated a "neutral" rating on shares of Advanced Micro Devices in a report on Wednesday, May 14th. Finally, Dbs Bank downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.58.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD traded down $1.35 on Thursday, reaching $110.71. 29,132,116 shares of the stock were exchanged, compared to its average volume of 42,585,125. The company's 50-day moving average price is $99.74 and its 200 day moving average price is $114.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $179.51 billion, a PE ratio of 111.83, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28.

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 for the quarter, topping the consensus estimate of $0.93 by $0.03. The company 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 7.42% and a net margin of 6.36%. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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 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 usually a sign that the company's board believes its shares are undervalued.

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.