Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,955 shares of the semiconductor manufacturer’s stock after acquiring an additional 124 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Advanced Micro Devices were worth $406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenline Partners LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. Kozak & Associates Inc. boosted its holdings in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $31,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s 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 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Up 0.1%

Shares of Advanced Micro Devices stock opened at $143.81 on Friday. The company has a fifty day simple moving average of $113.06 and a 200-day simple moving average of $111.21. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The stock has a market cap of $233.17 billion, a price-to-earnings ratio of 105.74, a PEG ratio of 1.85 and a beta of 1.99.

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, beating 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 business had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities 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 stock buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMD shares. Sanford C. Bernstein decreased their target price on shares of Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 7th. HSBC upgraded shares of Advanced Micro Devices from a “reduce” rating to a “hold” rating in a report on Tuesday, May 27th. TD Cowen upped 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. Finally, Wedbush restated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Thirteen investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $138.19.

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.