Private Wealth Partners LLC Buys 13,340 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Private Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,088 shares of the semiconductor manufacturer’s stock after acquiring an additional 13,340 shares during the period. Advanced Micro Devices accounts for about 1.0% of Private Wealth Partners LLC’s portfolio, making the stock its 27th biggest position. Private Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $12,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth about $25,000. Greenline Partners LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Kozak & Associates Inc. lifted its holdings in shares of Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock worth $29,000 after acquiring an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.2%

Advanced Micro Devices stock opened at $126.79 on Friday. The firm has a 50 day moving average price of $107.44 and a two-hundred day moving average price of $111.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The firm has a market cap of $205.58 billion, a price-to-earnings ratio of 93.23, a PEG ratio of 1.64 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. Advanced Micro Devices’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has approved 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 buy up to 3.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction dated 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 directly owns 1,713,710 shares of the company’s stock, 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 SEC, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMD shares. Citigroup reissued a “neutral” rating and issued a $120.00 price objective (up from $100.00) on shares of Advanced Micro Devices in a research note on Monday, June 9th. Roth Capital set a $150.00 target price on Advanced Micro Devices and gave the company a “buy” rating in a report on Friday, June 13th. Evercore ISI set a $144.00 price target on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Friday, June 13th. Barclays boosted their price target on Advanced Micro Devices from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Finally, Hsbc Global Res raised Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 27th. Fifteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.61.

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.