Boothe Investment Group Inc. Has $8.21 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Boothe Investment Group Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 105.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 79,909 shares of the semiconductor manufacturer’s stock after purchasing an additional 40,948 shares during the period. Advanced Micro Devices comprises approximately 3.7% of Boothe Investment Group Inc.’s portfolio, making the stock its 6th biggest position. Boothe Investment Group Inc.’s holdings in Advanced Micro Devices were worth $8,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $65,897,000. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. Union Bancaire Privee UBP SA bought a new position in Advanced Micro Devices during the fourth quarter valued at $34,366,000. bLong Financial LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at $1,924,000. Finally, Toronto Dominion Bank grew its holdings in Advanced Micro Devices by 443.3% during the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock valued at $660,475,000 after purchasing an additional 4,461,609 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated 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 approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMD. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Thursday, May 8th. Robert W. Baird reduced their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Raymond James reissued an “outperform” rating and set a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Seaport Res Ptn raised Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, April 30th. Finally, Bank of America increased their target price on Advanced Micro Devices from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, May 14th. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $134.13.

Advanced Micro Devices Trading Down 2.0%

NASDAQ AMD opened at $116.16 on Monday. The stock’s 50-day simple moving average is $104.51 and its two-hundred day simple moving average is $111.15. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $188.34 billion, a price-to-earnings ratio of 117.33, a PEG ratio of 1.11 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the business posted $0.62 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.