Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Petros Family Wealth LLC

Petros Family Wealth LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,782 shares of the semiconductor manufacturer’s stock after acquiring an additional 633 shares during the period. Petros Family Wealth LLC’s holdings in Advanced Micro Devices were worth $389,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Keudell Morrison Wealth Management grew its stake in Advanced Micro Devices by 63.1% in the first quarter. Keudell Morrison Wealth Management now owns 3,983 shares of the semiconductor manufacturer’s stock worth $409,000 after purchasing an additional 1,541 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Advanced Micro Devices by 479.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 759 shares of the semiconductor manufacturer’s stock worth $78,000 after purchasing an additional 628 shares in the last quarter. Lazari Capital Management Inc. grew its stake in Advanced Micro Devices by 22.1% in the first quarter. Lazari Capital Management Inc. now owns 25,075 shares of the semiconductor manufacturer’s stock worth $2,576,000 after purchasing an additional 4,539 shares in the last quarter. Legacy Advisors LLC grew its stake in Advanced Micro Devices by 17.1% in the first quarter. Legacy Advisors LLC now owns 8,050 shares of the semiconductor manufacturer’s stock worth $827,000 after purchasing an additional 1,178 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC grew its stake in Advanced Micro Devices by 32.0% in the first quarter. AssuredPartners Investment Advisors LLC now owns 4,329 shares of the semiconductor manufacturer’s stock worth $445,000 after purchasing an additional 1,049 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Wedbush reiterated an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. KeyCorp downgraded Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 8th. Morgan Stanley decreased their price target on Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 7th. Finally, Bank of America raised their target price on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.19.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Up 1.0%

Advanced Micro Devices stock opened at $129.58 on Tuesday. The firm has a market cap of $210.10 billion, a price-to-earnings ratio of 95.28, a P/E/G ratio of 1.66 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The firm has a fifty day moving average price of $108.84 and a two-hundred day moving average price of $110.59.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue was up 35.9% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has authorized a share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is 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.