Sage Capital Advisors llc Buys 182 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sage Capital Advisors llc lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.8% during the 1st quarter, Holdings Channel reports. The fund owned 6,568 shares of the semiconductor manufacturer’s stock after acquiring an additional 182 shares during the quarter. Sage Capital Advisors llc’s holdings in Advanced Micro Devices were worth $675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $2,867,193,000. Toronto Dominion Bank lifted its holdings in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after buying an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after buying an additional 2,889,739 shares in the last quarter. Northern Trust Corp lifted its holdings in Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after buying an additional 2,238,866 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $113.03 on Friday. The stock has a 50-day moving average price of $100.34 and a two-hundred day moving average price of $113.11. The stock has a market cap of $183.27 billion, a PE ratio of 114.17, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. 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, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

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

Advanced Micro Devices declared that its board has approved a share buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. Dbs Bank downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Melius Research set a $110.00 price target on Advanced Micro Devices in a research note on Wednesday, May 7th. Seaport Res Ptn raised Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, April 30th. Wells Fargo & Company cut their price target on Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI cut their price target on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Fifteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $132.58.

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.