Yarbrough Capital LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Yarbrough Capital LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 121.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,864 shares of the semiconductor manufacturer's stock after purchasing an additional 18,000 shares during the period. Yarbrough Capital LLC's holdings in Advanced Micro Devices were worth $3,376,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. TFG Advisers LLC boosted its stake in Advanced Micro Devices by 2.0% in the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after purchasing an additional 92 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in Advanced Micro Devices by 4.4% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 2,304 shares of the semiconductor manufacturer's stock valued at $278,000 after acquiring an additional 97 shares during the period. L.M. Kohn & Company lifted its stake in Advanced Micro Devices by 1.4% during the 4th quarter. L.M. Kohn & Company now owns 6,973 shares of the semiconductor manufacturer's stock valued at $842,000 after acquiring an additional 97 shares during the period. Main Street Financial Solutions LLC lifted its stake in Advanced Micro Devices by 3.9% during the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after acquiring an additional 98 shares during the period. Finally, BCM Advisors LLC lifted its stake in Advanced Micro Devices by 0.9% during the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer's stock valued at $1,366,000 after acquiring an additional 103 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices 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 now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $0.50 on Friday, reaching $116.19. 26,964,110 shares of the stock were exchanged, compared to its average volume of 41,498,489. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The firm has a market capitalization of $188.39 billion, a PE ratio of 117.36, a PEG ratio of 1.11 and a beta of 1.99. The company's 50-day simple moving average is $101.39 and its two-hundred day simple moving average is $111.95. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the firm posted $0.62 EPS. The company's revenue was up 35.9% on a year-over-year basis. Analysts expect 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 allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Loop Capital lowered 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. 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 Research set a $110.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

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.