Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Increased by Fulton Bank N.A.

Fulton Bank N.A. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,547 shares of the semiconductor manufacturer’s stock after acquiring an additional 311 shares during the period. Fulton Bank N.A.’s holdings in Advanced Micro Devices were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMD. Brighton Jones LLC lifted its holdings in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after acquiring an additional 29,438 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $34,366,000. Revolve Wealth Partners LLC lifted its stake in Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after purchasing an additional 234 shares during the last quarter. Calamos Wealth Management LLC boosted its holdings in Advanced Micro Devices by 8.9% during the fourth quarter. Calamos Wealth Management LLC now owns 1,708 shares of the semiconductor manufacturer’s stock worth $206,000 after buying an additional 140 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its position in Advanced Micro Devices by 61.3% in the fourth quarter. Brown Lisle Cummings Inc. now owns 500 shares of the semiconductor manufacturer’s stock worth $60,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMD. Stifel Nicolaus set a $132.00 price objective on Advanced Micro Devices in a research report on Monday, April 28th. UBS Group reduced their target price on Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Wedbush restated an “outperform” rating and set a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $132.58.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $118.58 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The business’s 50-day moving average price is $100.86 and its two-hundred day moving average price is $112.45. The company has a market capitalization of $192.27 billion, a P/E ratio of 119.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the previous year, the business posted $0.62 EPS. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.