Motley Fool Asset Management LLC Has $7.74 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Motley Fool Asset Management LLC increased its stake in Advanced Micro Devices, Inc. by 18.9% during the first quarter, owning shares valued at approximately $7,744,000 by the end of that period.
• Advanced Micro Devices reported earnings of $0.48 EPS for the quarter, missing estimates, but achieved a 31.7% increase in revenue year-over-year.
• Several analysts raised their target price for AMD stock, with Mizuho increasing it to $175.00 and Benchmark to $210.00, indicating strong market expectations.

Motley Fool Asset Management LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,379 shares of the semiconductor manufacturer's stock after buying an additional 11,956 shares during the quarter. Motley Fool Asset Management LLC's holdings in Advanced Micro Devices were worth $7,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in shares of Advanced Micro Devices by 169.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer's stock worth $1,012,538,000 after purchasing an additional 6,200,850 shares during the period. Toronto Dominion Bank raised its holdings in shares of Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the period. Nuveen LLC purchased a new position in shares of Advanced Micro Devices in the 1st quarter worth about $436,746,000. Kovitz Investment Group Partners LLC raised its holdings in shares of Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after purchasing an additional 2,889,739 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after purchasing an additional 2,874,012 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 1.5%

Advanced Micro Devices stock traded up $2.67 during mid-day trading on Tuesday, hitting $174.95. The company's stock had a trading volume of 52,223,903 shares, compared to its average volume of 69,126,600. The firm's 50 day moving average is $146.86 and its 200 day moving average is $118.91. The company has a market cap of $283.92 billion, a PE ratio of 100.55, a price-to-earnings-growth ratio of 1.99 and a beta of 1.94. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $182.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its 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 analysts' expectations of $7.41 billion. During the same quarter last year, the firm earned $0.69 EPS. The business's revenue for the quarter was up 31.7% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on AMD. Jefferies Financial Group increased their target price on Advanced Micro Devices from $100.00 to $160.00 in a research note on Wednesday, July 16th. Stifel Nicolaus increased their target price on Advanced Micro Devices from $161.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and increased their target price for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Wells Fargo & Company increased their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group increased their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $179.21.

Insider Activity

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

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.