Yousif Capital Management LLC Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Yousif Capital Management LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,703 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,721 shares during the period. Yousif Capital Management LLC’s holdings in Advanced Micro Devices were worth $20,517,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AMD. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Summit Securities Group LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $31,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 4.8%

Shares of AMD stock opened at $121.73 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The stock has a market cap of $197.37 billion, a P/E ratio of 122.96, a P/E/G ratio of 1.11 and a beta of 1.99. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $101.76 and a two-hundred day simple moving average of $111.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS 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 business had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The firm’s revenue was up 35.9% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’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 completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMD. Seaport Res Ptn raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. TD Cowen boosted their price objective on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Finally, Mizuho boosted their price objective on shares of Advanced Micro Devices from $117.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Fifteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $133.23.

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.