Capital Investment Advisory Services LLC Buys 4,457 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Advisory Services LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,526 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,457 shares during the period. Capital Investment Advisory Services LLC’s holdings in Advanced Micro Devices were worth $2,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Advanced Micro Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock worth $4,224,840,000 after acquiring an additional 835,413 shares in the last quarter. Norges Bank bought a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $2,867,193,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Advanced Micro Devices by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer’s stock worth $2,585,079,000 after acquiring an additional 1,929,225 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $137.93 on Friday. 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 business’s 50-day simple moving average is $117.84 and its two-hundred day simple moving average is $111.58. The stock has a market cap of $223.64 billion, a PE ratio of 101.42, a P/E/G ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (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 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 posted $0.62 earnings per share. The business’s revenue was up 35.9% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 sale, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of several research reports. Loop Capital decreased their target price on Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Sanford C. Bernstein reissued a “reduce” rating on shares of Advanced Micro Devices in a research report on Tuesday. Piper Sandler increased their target price on Advanced Micro Devices from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, June 16th. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $132.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.74.

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.