Schaper Benz & Wise Investment Counsel Inc. WI Acquires 1,299 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,797 shares of the semiconductor manufacturer’s stock after buying an additional 1,299 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Advanced Micro Devices were worth $14,465,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after buying an additional 29,438 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $34,366,000. Revolve Wealth Partners LLC lifted its holdings in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock valued at $31,958,000 after purchasing an additional 29,825 shares during the period. Finally, Allworth Financial LP increased its stake in Advanced Micro Devices by 13.8% during the 4th quarter. Allworth Financial LP now owns 41,258 shares of the semiconductor manufacturer’s stock valued at $5,106,000 after purchasing an additional 4,990 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’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 now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $126.39 on Tuesday. The firm has a market capitalization of $204.93 billion, a P/E ratio of 127.67, a PEG ratio of 1.11 and a beta of 1.99. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business has a fifty day moving average price of $105.48 and a 200-day moving average price of $111.08.

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

Advanced Micro Devices announced that its board has authorized a share buyback plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMD shares. Raymond James reiterated an “outperform” rating and set a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Bank of America lifted their price target on Advanced Micro Devices from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Sanford C. Bernstein dropped their target price on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Benchmark restated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Friday. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Monday, June 9th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.61.

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.