Artemis Investment Management LLP Has $7.82 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Artemis Investment Management LLP trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 59.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,128 shares of the semiconductor manufacturer's stock after selling 112,611 shares during the quarter. Artemis Investment Management LLP's holdings in Advanced Micro Devices were worth $7,821,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in Advanced Micro Devices in the 4th quarter worth about $65,897,000. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after buying an additional 1,441,626 shares during the period. Toronto Dominion Bank raised its stake in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after acquiring an additional 4,461,609 shares in the last quarter. Nicolet Bankshares Inc. boosted its position in Advanced Micro Devices by 56.4% during the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock worth $426,000 after acquiring an additional 1,271 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Advanced Micro Devices by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock worth $2,909,350,000 after purchasing an additional 290,784 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. HSBC raised Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Loop Capital decreased their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Bank of America raised their target price on Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Thirteen analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $138.19.

Advanced Micro Devices Stock Up 0.1%

AMD stock traded up $0.13 during trading hours on Friday, reaching $143.81. 61,778,559 shares of the stock were exchanged, compared to its average volume of 42,180,375. The firm's 50-day moving average is $113.06 and its 200-day moving average is $111.08. The company has a market cap of $233.17 billion, a price-to-earnings ratio of 105.74, a PEG ratio of 1.86 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its 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. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The company's revenue was up 35.9% on a year-over-year basis. On average, equities research analysts expect 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 initiated 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 purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign 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.