China Universal Asset Management Co. Ltd. Acquires 14,621 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

China Universal Asset Management Co. Ltd. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 41.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 50,244 shares of the semiconductor manufacturer's stock after buying an additional 14,621 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Advanced Micro Devices were worth $5,162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares during the period. American Capital Advisory LLC increased its stake in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the period. Kozak & Associates Inc. increased its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AMD shares. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research report on Friday, June 13th. UBS Group lowered their price target on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their price target for the company from $110.00 to $175.00 in a research report on Monday, June 23rd. HSBC raised shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Raymond James Financial reissued an "outperform" rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.55.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $1.52 during trading hours on Wednesday, reaching $139.34. The company's stock had a trading volume of 26,711,154 shares, compared to its average volume of 41,885,533. The company's 50 day simple moving average is $119.44 and its 200 day simple moving average is $111.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The stock has a market cap of $225.92 billion, a P/E ratio of 102.27, a price-to-earnings-growth ratio of 1.74 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Advanced Micro Devices Company 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.