Focused Wealth Management Inc Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Focused Wealth Management Inc boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.4% in the 1st quarter, HoldingsChannel reports. The fund owned 3,008 shares of the semiconductor manufacturer’s stock after acquiring an additional 647 shares during the period. Focused Wealth Management Inc’s holdings in Advanced Micro Devices were worth $309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Brighton Jones LLC grew its holdings 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 acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock worth $31,958,000 after acquiring an additional 29,825 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Advanced Micro Devices by 36.9% during the 4th quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer’s stock worth $589,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Achmea Investment Management B.V. grew its holdings in Advanced Micro Devices by 23.0% during the 4th quarter. Achmea Investment Management B.V. now owns 77,436 shares of the semiconductor manufacturer’s stock worth $9,354,000 after acquiring an additional 14,465 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.6%

Shares of Advanced Micro Devices stock opened at $146.42 on Friday. The company has a market cap of $237.41 billion, a P/E ratio of 107.66, a PEG ratio of 1.86 and a beta of 2.05. 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 one year low of $76.48 and a one year high of $186.99. The firm has a fifty day moving average of $122.16 and a two-hundred day moving average of $112.20.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company 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 in the prior year, the firm earned $0.62 EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share buyback plan 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 plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have commented on AMD shares. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Benchmark restated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a report on Monday, June 9th. Stifel Nicolaus restated a “buy” rating and issued a $132.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Finally, Barclays upped their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

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.