Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Petros Family Wealth LLC

Petros Family Wealth LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,782 shares of the semiconductor manufacturer’s stock after acquiring an additional 633 shares during the period. Petros Family Wealth LLC’s holdings in Advanced Micro Devices were worth $389,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Norges Bank purchased a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $2,867,193,000. Toronto Dominion Bank boosted its holdings in Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock valued at $660,475,000 after purchasing an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock valued at $364,459,000 after purchasing an additional 2,889,739 shares in the last quarter. Northern Trust Corp boosted its holdings in Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock valued at $2,072,215,000 after purchasing an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Advanced Micro Devices by 12,097.8% in the 1st quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer’s stock valued at $206,402,000 after purchasing an additional 1,992,508 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

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

Analysts Set New Price Targets

AMD has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a report on Friday, June 13th. Citigroup reaffirmed a “neutral” rating and issued a $120.00 price objective (up previously from $100.00) on shares of Advanced Micro Devices in a report on Monday, June 9th. Stifel Nicolaus reissued a “buy” rating and set a $132.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. Finally, Dbs Bank lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.19.

Advanced Micro Devices Trading Up 1.0%

Shares of AMD opened at $129.58 on Tuesday. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $210.10 billion, a P/E ratio of 95.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.99. The stock’s fifty day simple moving average is $108.84 and its 200 day simple moving average is $110.59. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

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

Advanced Micro Devices announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.