Beech Hill Advisors Inc. Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Beech Hill Advisors Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,840 shares of the semiconductor manufacturer’s stock after buying an additional 700 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Advanced Micro Devices were worth $1,011,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Main Street Financial Solutions LLC increased its position in Advanced Micro Devices by 3.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer’s stock worth $314,000 after buying an additional 98 shares in the last quarter. BCM Advisors LLC raised its stake in Advanced Micro Devices by 0.9% during the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer’s stock valued at $1,366,000 after purchasing an additional 103 shares during the period. Plancorp LLC grew its holdings in Advanced Micro Devices by 2.2% during the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer’s stock valued at $620,000 after buying an additional 112 shares in the last quarter. Simmons Bank increased its holdings in Advanced Micro Devices by 5.4% in the 4th quarter. Simmons Bank now owns 2,198 shares of the semiconductor manufacturer’s stock valued at $265,000 after acquiring an additional 113 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in shares of Advanced Micro Devices by 1.5% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer’s stock valued at $957,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 3.6%

Shares of AMD stock opened at $143.40 on Thursday. The company has a market capitalization of $232.51 billion, a P/E ratio of 105.44, a price-to-earnings-growth ratio of 1.79 and a beta of 1.99. 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 business’s 50 day moving average is $110.81 and its two-hundred day moving average is $111.01. 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 quarterly earnings results 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 net margin of 8.03% and a return on equity of 8.30%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the previous year, the business posted $0.62 earnings per share. The business’s revenue was up 35.9% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a share buyback program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business’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 transaction 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 $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMD. Stifel Nicolaus reissued a “buy” rating and issued a $132.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Mizuho raised their price objective on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Susquehanna cut their target price on Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. Wedbush reissued an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Melius Research raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and upped their price objective for the company from $110.00 to $175.00 in a research report on Monday. Thirteen research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.19.

About Advanced Micro Devices

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.