Schaper Benz & Wise Investment Counsel Inc. WI Acquires 1,299 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 140,797 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,299 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Advanced Micro Devices were worth $14,465,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AMD. Main Street Financial Solutions LLC grew its holdings in shares of Advanced Micro Devices by 3.9% in the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer’s stock worth $314,000 after purchasing an additional 98 shares during the last quarter. BCM Advisors LLC grew its holdings in Advanced Micro Devices by 0.9% in the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer’s stock worth $1,366,000 after acquiring an additional 103 shares during the last quarter. Sunpointe LLC increased its position in shares of Advanced Micro Devices by 6.4% in the fourth quarter. Sunpointe LLC now owns 1,784 shares of the semiconductor manufacturer’s stock valued at $216,000 after acquiring an additional 108 shares during the period. Plancorp LLC raised its stake in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer’s stock valued at $620,000 after acquiring an additional 112 shares during the last quarter. Finally, Simmons Bank boosted its holdings in shares of Advanced Micro Devices by 5.4% during the fourth quarter. Simmons Bank now owns 2,198 shares of the semiconductor manufacturer’s stock worth $265,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of research analyst reports. Raymond James restated an “outperform” rating and set a $120.00 price target (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. HSBC raised Advanced Micro Devices from a “reduce” rating to a “hold” rating in a research note on Tuesday, May 27th. Benchmark reaffirmed a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Friday. Roth Capital set a $150.00 price objective on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Friday. Finally, Sanford C. Bernstein decreased their price objective on shares of Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $134.61.

Advanced Micro Devices Trading Up 8.8%

Shares of NASDAQ AMD opened at $126.39 on Tuesday. The company has a market cap of $204.93 billion, a PE ratio of 127.67, a P/E/G ratio of 1.11 and a beta of 1.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm’s 50 day moving average price is $105.48 and its 200-day moving average price is $111.08. 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 released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. On average, equities research analysts expect 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 share repurchase plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the 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 transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

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.