USAdvisors Wealth Management LLC Acquires 1,530 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

USAdvisors Wealth Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 74.9% in the first quarter, HoldingsChannel reports. The firm owned 3,574 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,530 shares during the period. USAdvisors Wealth Management LLC’s holdings in Advanced Micro Devices were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMD. Main Street Financial Solutions LLC lifted its position 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 valued at $314,000 after acquiring an additional 98 shares in the last quarter. Peterson Wealth Services lifted its position in shares of Advanced Micro Devices by 2.9% in the first quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer’s stock valued at $375,000 after acquiring an additional 103 shares in the last quarter. Lifeworks Advisors LLC lifted its position in shares of Advanced Micro Devices by 5.6% in the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer’s stock valued at $203,000 after acquiring an additional 104 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its position in shares of Advanced Micro Devices by 1.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer’s stock valued at $957,000 after acquiring an additional 115 shares in the last quarter. Finally, Alaethes Wealth LLC lifted its position in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer’s stock valued at $1,891,000 after acquiring an additional 115 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $162.12 on Friday. The business’s 50-day moving average is $131.25 and its two-hundred day moving average is $114.24. The company has a market capitalization of $262.86 billion, a P/E ratio of 119.21, a P/E/G ratio of 2.10 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $174.05.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm 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 8.30% and a net margin of 8.03%. The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Monday, June 23rd. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $132.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Finally, TD Cowen boosted their target price on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.68.

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.