Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lifted by Krilogy Financial LLC

Krilogy Financial LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,793 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,035 shares during the quarter. Krilogy Financial LLC’s holdings in Advanced Micro Devices were worth $2,239,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Salem Investment Counselors Inc. grew its stake in shares of Advanced Micro Devices by 51.1% in the first quarter. Salem Investment Counselors Inc. now owns 262,344 shares of the semiconductor manufacturer’s stock worth $26,953,000 after purchasing an additional 88,721 shares in the last quarter. Everhart Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 19.8% in the first quarter. Everhart Financial Group Inc. now owns 12,754 shares of the semiconductor manufacturer’s stock worth $1,310,000 after purchasing an additional 2,107 shares in the last quarter. Marshall Financial Group LLC grew its stake in shares of Advanced Micro Devices by 16.3% in the first quarter. Marshall Financial Group LLC now owns 9,563 shares of the semiconductor manufacturer’s stock worth $983,000 after purchasing an additional 1,339 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 7.6% in the first quarter. Twin Peaks Wealth Advisors LLC now owns 4,555 shares of the semiconductor manufacturer’s stock worth $434,000 after purchasing an additional 323 shares in the last quarter. Finally, Lynch Asset Management Inc. boosted its stake in Advanced Micro Devices by 0.6% during the first quarter. Lynch Asset Management Inc. now owns 35,700 shares of the semiconductor manufacturer’s stock valued at $3,668,000 after buying an additional 225 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMD. Citigroup raised their target price on Advanced Micro Devices from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, June 9th. Robert W. Baird decreased their target price on Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Susquehanna decreased their target price on Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company decreased their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Raymond James reaffirmed an “outperform” rating and set a $120.00 target price (down previously from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $134.13.

Advanced Micro Devices Trading Down 2.0%

Shares of NASDAQ AMD opened at $116.16 on Friday. 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 $188.34 billion, a PE ratio of 117.33, a PEG ratio of 1.11 and a beta of 1.99. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $104.51 and a two-hundred day moving average price of $111.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm’s revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The stock was 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 in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

About Advanced Micro Devices

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.