Mission Wealth Management LP Purchases 980 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mission Wealth Management LP lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,185 shares of the semiconductor manufacturer’s stock after buying an additional 980 shares during the period. Mission Wealth Management LP’s holdings in Advanced Micro Devices were worth $3,409,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $34,366,000. Revolve Wealth Partners LLC grew its holdings in shares of 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 valued at $1,001,000 after acquiring an additional 234 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of 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 valued at $31,958,000 after acquiring an additional 29,825 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Advanced Micro Devices by 13.8% in the 4th quarter. Allworth Financial LP now owns 41,258 shares of the semiconductor manufacturer’s stock valued at $5,106,000 after acquiring an additional 4,990 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMD shares. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Loop Capital decreased their price objective on Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. HSBC upgraded Advanced Micro Devices from a “reduce” rating to a “hold” rating in a report on Tuesday, May 27th. Raymond James restated an “outperform” rating and issued a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, DZ Bank upgraded 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. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.61.

Advanced Micro Devices Stock Up 8.8%

NASDAQ AMD opened at $126.39 on Tuesday. 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 company has a 50 day moving average of $105.48 and a 200-day moving average of $111.08. The company has a market cap of $204.93 billion, a price-to-earnings ratio of 127.67, 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 net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors 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.