Balefire LLC Has $343,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Balefire LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 56.7% in the 1st quarter, HoldingsChannel reports. The firm owned 3,343 shares of the semiconductor manufacturer’s stock after buying an additional 1,209 shares during the period. Balefire LLC’s holdings in Advanced Micro Devices were worth $343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in Advanced Micro Devices during the 4th quarter worth $65,897,000. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after buying an additional 1,441,626 shares during the period. Toronto Dominion Bank increased its position in 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 worth $660,475,000 after buying an additional 4,461,609 shares during the period. Nicolet Bankshares Inc. increased its position in Advanced Micro Devices by 56.4% during the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer’s stock worth $426,000 after buying an additional 1,271 shares during the period. Finally, Fisher Asset Management LLC increased its position in Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after buying an additional 290,784 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. Stifel Nicolaus reiterated a “buy” rating and set a $132.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 13th. Wedbush restated an “outperform” rating and issued a $120.00 price target (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Hsbc Global Res upgraded Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Finally, Mizuho raised their price target on Advanced Micro Devices from $117.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $138.19.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 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 through this link. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $143.68 on Friday. The business’s 50-day moving average price is $111.93 and its 200-day moving average price is $111.10. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The firm has a market capitalization of $232.96 billion, a price-to-earnings ratio of 105.65, a PEG ratio of 1.85 and a beta of 1.99. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating 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 analyst estimates of $7.10 billion. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has approved 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.