Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,750 shares of the semiconductor manufacturer’s stock after acquiring an additional 392 shares during the period. Catalyst Financial Partners LLC’s holdings in Advanced Micro Devices were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock valued at $4,224,840,000 after acquiring an additional 835,413 shares in the last quarter. Norges Bank purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $2,867,193,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Advanced Micro Devices by 9.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer’s stock worth $2,585,079,000 after buying an additional 1,929,225 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMD shares. Mizuho boosted their target price on Advanced Micro Devices from $135.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, July 3rd. 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 report on Wednesday, May 7th. Hsbc Global Res raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Finally, Citigroup upped their price target on Advanced Micro Devices from $120.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 7th. One investment 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 issued a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Up 1.6%

Shares of NASDAQ AMD opened at $146.42 on Monday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $185.50. The company has a market cap of $237.41 billion, a P/E ratio of 107.66, a P/E/G ratio of 1.95 and a beta of 2.05. 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 fifty day moving average price of $122.16 and a 200 day moving average price of $112.02.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the prior year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has approved a share buyback program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board 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.