Sunflower Bank N.A. Acquires 116 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sunflower Bank N.A. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,808 shares of the semiconductor manufacturer’s stock after acquiring an additional 116 shares during the quarter. Sunflower Bank N.A.’s holdings in Advanced Micro Devices were worth $288,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. TFG Advisers LLC increased its holdings 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 valued at $573,000 after buying an additional 92 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in Advanced Micro Devices by 4.4% in 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 buying an additional 97 shares during the period. L.M. Kohn & Company increased its holdings in Advanced Micro Devices by 1.4% in the 4th quarter. L.M. Kohn & Company now owns 6,973 shares of the semiconductor manufacturer’s stock valued at $842,000 after buying an additional 97 shares during the period. Main Street Financial Solutions LLC increased its holdings in Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer’s stock valued at $314,000 after buying an additional 98 shares during the period. Finally, BCM Advisors LLC increased its holdings in Advanced Micro Devices by 0.9% in the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer’s stock valued at $1,366,000 after buying an additional 103 shares during the period. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMD shares. Barclays raised their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, May 16th. UBS Group reduced their price target on shares of Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Raymond James restated an “outperform” rating and issued a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Wedbush restated an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Sanford C. Bernstein reduced their price target on shares of Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Fifteen 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 stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $132.58.

Advanced Micro Devices Stock Up 0.4%

Advanced Micro Devices stock opened at $116.19 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The firm’s fifty day moving average is $101.39 and its 200 day moving average is $112.13. The company 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.

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, 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 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 company earned $0.62 EPS. Advanced Micro Devices’s quarterly revenue was up 35.9% compared to the same quarter last year. As a group, sell-side 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 initiated a share repurchase plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction 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 now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

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.