Atlas Private Wealth Advisors Has $223,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Atlas Private Wealth Advisors increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,169 shares of the semiconductor manufacturer’s stock after purchasing an additional 293 shares during the period. Atlas Private Wealth Advisors’ holdings in Advanced Micro Devices were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Greenline Partners LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Finally, Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD opened at $116.16 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The stock has a market cap of $188.34 billion, a P/E ratio of 117.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The stock’s 50-day moving average price is $104.51 and its two-hundred day moving average price is $111.15.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter last year, the business earned $0.62 earnings per share. The company’s revenue was up 35.9% compared to the same quarter last year. On average, equities 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 stock buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have commented on AMD shares. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price target (up previously from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Sanford C. Bernstein cut their price target on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. KeyCorp cut Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 8th. Melius Research set a $110.00 price target on Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Robert W. Baird dropped their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Fifteen research 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, the company currently has an average rating of “Moderate Buy” and an average target price of $134.13.

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.