WP Advisors LLC Buys 3,991 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• WP Advisors LLC increased its stake in Advanced Micro Devices, Inc. (AMD) by 52.3% in the first quarter, now holding 11,628 shares valued at approximately $1.2 million.
• AMD reported earnings of $0.48 per share for the latest quarter, missing the consensus estimate of $0.54, although the company's revenue increased by 31.7% year-over-year to $7.69 billion.
• Analysts have set new target prices for AMD, with Rosenblatt Securities maintaining a "buy" rating and a target price of $200.00, reflecting positive sentiment despite recent stock activity.

WP Advisors LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,628 shares of the semiconductor manufacturer's stock after purchasing an additional 3,991 shares during the quarter. WP Advisors LLC's holdings in Advanced Micro Devices were worth $1,195,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC lifted its position in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. lifted its position in shares of Advanced Micro Devices by 67.6% in the 1st 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 purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $30,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Up 5.4%

Shares of NASDAQ AMD traded up $9.47 during midday trading on Wednesday, hitting $184.42. The stock had a trading volume of 108,009,213 shares, compared to its average volume of 46,756,836. The company's 50-day simple moving average is $146.86 and its 200 day simple moving average is $118.91. The firm has a market cap of $299.28 billion, a P/E ratio of 105.99, a price-to-earnings-growth ratio of 1.99 and a beta of 1.94. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The business had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business's revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMD. Stifel Nicolaus boosted their price objective on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $120.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. DZ Bank raised Advanced Micro Devices from a "sell" rating to a "hold" rating and set a $165.00 price target for the company in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft set a $200.00 price target on Advanced Micro Devices in a research note on Wednesday, August 6th. Finally, Benchmark increased their price objective on Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.21.

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.