Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Bear Mountain Capital Inc.

Bear Mountain Capital Inc. raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 75.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350 shares of the semiconductor manufacturer’s stock after purchasing an additional 150 shares during the period. Bear Mountain Capital Inc.’s holdings in Advanced Micro Devices were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock worth $31,958,000 after acquiring an additional 29,825 shares in the last quarter. Proficio Capital Partners LLC increased its position in Advanced Micro Devices by 36.9% in the 4th quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer’s stock worth $589,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter worth about $7,089,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $160.08 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The company has a market capitalization of $259.55 billion, a PE ratio of 117.71, a price-to-earnings-growth ratio of 2.08 and a beta of 2.05. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $174.05. The business has a 50 day simple moving average of $125.41 and a 200 day simple moving average of $112.79.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. Advanced Micro Devices’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the company earned $0.62 EPS. On average, sell-side 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 plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

AMD has been the topic of several research reports. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research report on Monday, June 23rd. Jefferies Financial Group upped their target price on Advanced Micro Devices from $100.00 to $160.00 in a research report on Wednesday. Bank of America increased their price objective on Advanced Micro Devices from $130.00 to $175.00 in a report on Wednesday. Evercore ISI set a $144.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a report on Friday, June 13th. Finally, Wall Street Zen raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and five have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.58.

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.