Xponance Inc. Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Xponance Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 336,847 shares of the semiconductor manufacturer's stock after acquiring an additional 4,359 shares during the period. Xponance Inc.'s holdings in Advanced Micro Devices were worth $34,608,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after acquiring an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Advanced Micro Devices by 12.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after buying an additional 29,825 shares during the period. Proficio Capital Partners LLC lifted its position in Advanced Micro Devices by 36.9% during the fourth quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer's stock valued at $589,000 after buying an additional 1,315 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in Advanced Micro Devices by 11.6% during the fourth quarter. Moors & Cabot Inc. now owns 23,446 shares of the semiconductor manufacturer's stock worth $2,832,000 after buying an additional 2,428 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred 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 directly owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMD shares. Loop Capital cut their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price for the company in a research report on Thursday, May 8th. Citigroup raised their target price on Advanced Micro Devices from $120.00 to $145.00 and gave the company a "neutral" rating in a report on Monday. Finally, Mizuho upped their price target on Advanced Micro Devices from $135.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.00.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $144.16 on Friday. The firm has a market capitalization of $233.74 billion, a PE ratio of 106.00, a P/E/G ratio of 1.79 and a beta of 2.05. 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 12 month low of $76.48 and a 12 month high of $187.11. The company's 50 day simple moving average is $121.21 and its 200 day simple moving average is $112.07.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding 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 typically a sign that the company's leadership believes its shares are undervalued.

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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