Azzad Asset Management Inc. ADV Has $1.22 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Azzad Asset Management Inc. ADV lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,860 shares of the semiconductor manufacturer’s stock after buying an additional 255 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Advanced Micro Devices were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $25,000. Greenline Partners LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Kozak & Associates Inc. boosted its holdings in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $30,000. Institutional investors and hedge funds 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 firm’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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $116.16 on Friday. The firm has a market cap of $188.34 billion, a PE ratio of 117.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The business’s 50 day moving average price is $104.51 and its two-hundred day moving average price is $111.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last released its 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 company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to purchase 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Melius Research set a $110.00 price target on Advanced Micro Devices in a report on Wednesday, May 7th. Susquehanna lowered their target price on Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. Benchmark reissued a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Friday. Bank of America lifted their price target on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. Finally, Raymond James reiterated an “outperform” rating and set a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.13.

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.