Aberdeen Group plc increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,397,123 shares of the semiconductor manufacturer's stock after buying an additional 89,604 shares during the quarter. Aberdeen Group plc owned 0.09% of Advanced Micro Devices worth $141,452,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Seaview Investment Managers LLC grew its holdings in shares of Advanced Micro Devices by 4.3% in the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer's stock valued at $232,000 after acquiring an additional 93 shares in the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of Advanced Micro Devices by 3.9% in the 4th quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after acquiring an additional 98 shares in the last quarter. Peterson Wealth Services grew its holdings in shares of Advanced Micro Devices by 2.9% in the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer's stock valued at $375,000 after acquiring an additional 103 shares in the last quarter. Lifeworks Advisors LLC grew its holdings in shares of Advanced Micro Devices by 5.6% in the 1st quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer's stock valued at $203,000 after acquiring an additional 104 shares in the last quarter. Finally, Alaethes Wealth LLC grew its holdings in Advanced Micro Devices by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.
Analyst Ratings Changes
A number of research firms recently commented on AMD. Raymond James Financial lifted their price target on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price target for the company in a report on Monday, June 23rd. HSBC upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Thursday, July 10th. Citigroup boosted their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Finally, Stifel Nicolaus boosted their price objective on Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.12.
Get Our Latest Analysis on AMD
Insiders Place Their Bets
In related news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares of the company's stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.
Advanced Micro Devices Stock Down 1.9%
Shares of AMD opened at $180.95 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $186.65. The stock has a market capitalization of $293.65 billion, a price-to-earnings ratio of 103.99, a PEG ratio of 2.18 and a beta of 1.94. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a fifty day moving average of $149.48 and a 200-day moving average of $119.82.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The firm's revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
Advanced Micro Devices announced that its board has authorized a share buyback plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.
About Advanced Micro Devices
(
Free Report)
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.
Further Reading
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