Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases 2,945 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.1% during the first quarter, Holdings Channel reports. The fund owned 20,120 shares of the semiconductor manufacturer’s stock after buying an additional 2,945 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Advanced Micro Devices were worth $2,077,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMD. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the 4th quarter worth $25,000. Greenline Partners LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $29,000. Kozak & Associates Inc. grew its position 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 worth $29,000 after buying an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the 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 transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Mizuho lifted 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. 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. Morgan Stanley cut their target price on shares of Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 7th. HSBC raised Advanced Micro Devices from a “reduce” rating to a “hold” rating in a report on Tuesday, May 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $132.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.61.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $126.79 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a market cap of $205.58 billion, a PE ratio of 93.23, a P/E/G ratio of 1.64 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The business has a 50-day simple moving average of $106.68 and a two-hundred day simple moving average of $111.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The company’s revenue was up 35.9% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a stock repurchase plan 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 plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.