Winch Advisory Services LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 75.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,160 shares of the semiconductor manufacturer's stock after buying an additional 1,783 shares during the quarter. Winch Advisory Services LLC's holdings in Advanced Micro Devices were worth $427,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AMD. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA raised its position in 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 acquiring an additional 200 shares during the period. American Capital Advisory LLC raised its position in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the period. Kozak & Associates Inc. raised its position in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $30,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices Stock Up 0.5%
AMD stock traded up $0.73 during trading on Monday, hitting $157.72. 5,381,772 shares of the company's stock were exchanged, compared to its average volume of 43,144,344. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $174.05. The business has a 50-day moving average price of $127.67 and a two-hundred day moving average price of $113.20. The stock has a market capitalization of $255.73 billion, a price-to-earnings ratio of 115.97, a PEG ratio of 2.08 and a beta of 2.05.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS 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 analysts' expectations of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The company's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts expect 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 buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.
Insider Activity at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a research note on Monday, June 23rd. TD Cowen upped their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. HSBC raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research note on Thursday, July 10th. Finally, Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Eleven research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $154.68.
View Our Latest Stock Report on Advanced Micro Devices
About Advanced Micro Devices
(
Free Report)
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.
Further Reading
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