Yukon Wealth Management Inc. Makes New $640,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Yukon Wealth Management Inc. bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,226 shares of the semiconductor manufacturer's stock, valued at approximately $640,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Advanced Micro Devices by 277.8% during 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 purchasing an additional 200 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in shares of Advanced Micro Devices by 67.6% during the 1st 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 last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $31,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

AMD stock traded down $0.59 during trading on Thursday, hitting $137.93. The stock had a trading volume of 28,645,993 shares, compared to its average volume of 42,135,071. 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 twelve month low of $76.48 and a twelve month high of $187.28. The stock has a market capitalization of $223.64 billion, a P/E ratio of 101.42, a PEG ratio of 1.79 and a beta of 2.05. The company's 50-day moving average price is $117.01 and its two-hundred day moving average price is $111.49.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (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 company had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the previous year, the firm posted $0.62 EPS. Advanced Micro Devices's revenue was up 35.9% compared to the same quarter last year. As a group, research analysts predict 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 buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of several analyst reports. TD Cowen increased their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Rosenblatt Securities reiterated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. UBS Group reduced their target price on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barclays raised their target price on Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Sanford C. Bernstein restated a "reduce" rating on shares of Advanced Micro Devices in a research note on Tuesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $138.74.

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.