Blair William & Co. IL Has $27.44 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Blair William & Co. IL increased its holdings in Advanced Micro Devices, Inc. (AMD) by 5.0% during Q1, owning 267,109 shares valued at approximately $27.4 million.
• Analysts have upgraded their price targets, with Susquehanna raising its price objective from $135 to $210, reflecting a positive outlook on the company.
• AMD's quarterly earnings report showed an EPS of $0.96, exceeding expectations, while revenue rose 35.9% year-over-year to $7.44 billion.

Blair William & Co. IL raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 267,109 shares of the semiconductor manufacturer's stock after acquiring an additional 12,737 shares during the quarter. Blair William & Co. IL's holdings in Advanced Micro Devices were worth $27,443,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Toronto Dominion Bank increased its position in shares of Advanced Micro Devices by 443.3% during the fourth 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 in the last quarter. Nicolet Bankshares Inc. grew its holdings in Advanced Micro Devices by 56.4% in the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock valued at $426,000 after buying an additional 1,271 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after buying an additional 29,825 shares in the last quarter. Heritage Trust Co purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $804,000. Finally, Valicenti Advisory Services Inc. grew its holdings in Advanced Micro Devices by 4.0% in the 1st quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock valued at $7,893,000 after buying an additional 2,944 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. Bank of America increased their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 price target for the company in a report on Thursday, July 10th. Benchmark reiterated a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. Finally, Susquehanna increased their target price on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $162.94.

Advanced Micro Devices Price Performance

Shares of AMD traded down $2.41 during trading hours on Tuesday, hitting $174.37. 23,774,224 shares of the company were exchanged, compared to its average volume of 44,584,629. The company has a market capitalization of $282.73 billion, a PE ratio of 128.11, a PEG ratio of 2.27 and a beta of 1.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The firm has a fifty day simple moving average of $139.91 and a 200-day simple moving average of $116.83. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $182.50.

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

Advanced Micro Devices announced that its Board of Directors has approved a stock buyback 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 generally an indication that the company's board believes its stock is undervalued.

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.