Premier Path Wealth Partners LLC Has $1.77 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Premier Path Wealth Partners LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 148.8% during the 1st quarter, HoldingsChannel reports. The fund owned 17,195 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,283 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $1,767,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $2,867,193,000. Toronto Dominion Bank grew its stake in Advanced Micro Devices by 443.3% during the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after buying an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in Advanced Micro Devices by 2,265.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after buying an additional 2,889,739 shares in the last quarter. Northern Trust Corp grew its stake in Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Advanced Micro Devices by 12,097.8% during the first quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer’s stock worth $206,402,000 after buying an additional 1,992,508 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 0.2%

Shares of NASDAQ AMD opened at $126.79 on Thursday. The company has a 50 day simple moving average of $106.68 and a 200 day simple moving average of $111.30. The firm has a market cap of $205.58 billion, a PE ratio of 93.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.99. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data 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 business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business earned $0.62 EPS. On average, 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 initiated a stock repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

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 shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMD shares. Benchmark reiterated a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Barclays increased their price objective on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Friday, June 13th. UBS Group reduced their price objective on shares of Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Finally, Robert W. Baird reduced their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.61.

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.