Universal Beteiligungs und Servicegesellschaft mbH Takes $186.72 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,545,808 shares of the semiconductor manufacturer's stock, valued at approximately $186,718,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Advanced Micro Devices as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AMD. KLP Kapitalforvaltning AS acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $65,897,000. Enzi Wealth bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $569,000. Welch Group LLC increased its position in Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after buying an additional 2,981 shares during the period. Stonegate Investment Group LLC lifted its holdings in shares of Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after buying an additional 145,067 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Up 3.9%

NASDAQ:AMD traded up $4.25 during trading hours on Tuesday, hitting $114.56. 37,748,913 shares of the stock were exchanged, compared to its average volume of 42,275,512. The company's 50 day moving average is $100.08 and its two-hundred day moving average is $113.34. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $185.75 billion, a P/E ratio of 115.72, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 EPS. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has authorized a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AMD. Sanford C. Bernstein cut their target price on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Barclays upped their price objective on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, HSBC upgraded Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday. Fourteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

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.