CX Institutional Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

CX Institutional raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,680 shares of the semiconductor manufacturer’s stock after buying an additional 995 shares during the quarter. CX Institutional’s holdings in Advanced Micro Devices were worth $1,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMD. Brighton Jones LLC lifted its position in Advanced Micro Devices by 178.2% during the fourth 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 period. Union Bancaire Privee UBP SA bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $34,366,000. Revolve Wealth Partners LLC increased its holdings in shares of 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 acquiring an additional 234 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Advanced Micro Devices by 16,019.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 397,030 shares of the semiconductor manufacturer’s stock valued at $440,000 after acquiring an additional 394,567 shares in the last quarter. Finally, Focus Financial Network Inc. increased its holdings in shares of Advanced Micro Devices by 3.8% during the fourth quarter. Focus Financial Network Inc. now owns 10,859 shares of the semiconductor manufacturer’s stock valued at $1,312,000 after acquiring an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Down 1.7%

AMD stock opened at $121.14 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market cap of $196.42 billion, a P/E ratio of 122.36, a PEG ratio of 1.11 and a beta of 1.99. The business’s 50-day moving average price is $103.06 and its 200-day moving average price is $111.80.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 35.9% on a year-over-year basis. On average, equities research 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 stock buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMD shares. Citigroup raised their price target on Advanced Micro Devices from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday. Robert W. Baird reduced their price target on Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Sanford C. Bernstein reduced their price target on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Raymond James restated an “outperform” rating and set a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, HSBC upgraded Advanced Micro Devices from a “reduce” rating to a “hold” rating in a report on Tuesday, May 27th. Fifteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.23.

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.