3,695 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,695 shares of the semiconductor manufacturer’s stock, valued at approximately $380,000.

A number of other large investors also recently modified their holdings of AMD. Brighton Jones LLC raised its position 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 buying an additional 29,438 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $34,366,000. Revolve Wealth Partners LLC raised its position in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after buying an additional 234 shares during the last quarter. Money Concepts Capital Corp raised its position in Advanced Micro Devices by 3.8% in the 4th quarter. Money Concepts Capital Corp now owns 4,355 shares of the semiconductor manufacturer’s stock valued at $526,000 after buying an additional 158 shares during the last quarter. Finally, Iron Horse Wealth Management LLC raised its position in Advanced Micro Devices by 267.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 389 shares of the semiconductor manufacturer’s stock valued at $47,000 after buying an additional 283 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $116.19 on Friday. The company has a market cap of $188.39 billion, a PE ratio of 117.36, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $101.39 and a 200-day moving average price of $112.13. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-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, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. As a group, equities analysts forecast 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 buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. Mizuho increased their price target on Advanced Micro Devices from $117.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, May 19th. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Thursday, May 8th. Robert W. Baird decreased their target price on Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Finally, Sanford C. Bernstein decreased their target price on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Fifteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.58.

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.