Sunflower Bank N.A. Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sunflower Bank N.A. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,808 shares of the semiconductor manufacturer’s stock after acquiring an additional 116 shares during the period. Sunflower Bank N.A.’s holdings in Advanced Micro Devices were worth $288,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $31,000. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction 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 completion of the sale, the executive vice president now directly owns 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Up 0.4%

Shares of NASDAQ:AMD opened at $116.19 on Friday. The firm has a fifty day moving average price of $101.39 and a two-hundred day moving average price of $112.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a market cap of $188.39 billion, a price-to-earnings ratio of 117.36, a PEG ratio of 1.11 and a beta of 1.99.

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 the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has initiated a share repurchase program 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMD. Stifel Nicolaus set a $132.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 28th. Evercore ISI decreased their price objective on shares of Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Melius Research set a $110.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Wall Street Zen upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Finally, TD Cowen raised their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $132.58.

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.