Capital Investment Advisors LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Advisors LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,954 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,092 shares during the quarter. Capital Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $1,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $25,000. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $29,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 4.8%

Shares of Advanced Micro Devices stock opened at $121.73 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The stock has a market capitalization of $197.37 billion, a price-to-earnings ratio of 122.96, a P/E/G ratio of 1.11 and a beta of 1.99. The company’s 50 day moving average price is $101.76 and its 200-day moving average price is $111.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results 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 net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter last year, the business earned $0.62 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Citigroup upped their price target on Advanced Micro Devices from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, April 30th. Finally, Hsbc Global Res upgraded shares of Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, May 27th. Fifteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.23.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by 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.