Capital Investment Advisory Services LLC Has $2.31 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Advisory Services LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,526 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,457 shares during the period. Capital Investment Advisory Services LLC’s holdings in Advanced Micro Devices were worth $2,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMD. Norges Bank bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $2,867,193,000. Toronto Dominion Bank boosted its position in shares of Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock valued at $660,475,000 after purchasing an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock valued at $364,459,000 after purchasing an additional 2,889,739 shares in the last quarter. Northern Trust Corp boosted its position in shares of Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock valued at $2,072,215,000 after purchasing an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Advanced Micro Devices by 12,097.8% during the 1st quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer’s stock valued at $206,402,000 after purchasing an additional 1,992,508 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction dated 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 directly owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. This 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. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $137.93 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The business has a 50-day simple moving average of $117.84 and a 200 day simple moving average of $111.58. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The stock has a market cap of $223.64 billion, a price-to-earnings ratio of 101.42, a PEG ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s revenue was up 35.9% on a year-over-year basis. On average, research 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 has authorized a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMD. Piper Sandler increased their price target on Advanced Micro Devices from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, June 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Loop Capital cut their price target on Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Robert W. Baird cut their price target on Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Finally, Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a report on Friday, June 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.74.

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.