ST Germain D J Co. Inc. Sells 2,430 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

ST Germain D J Co. Inc. reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,088 shares of the semiconductor manufacturer's stock after selling 2,430 shares during the period. ST Germain D J Co. Inc.'s holdings in Advanced Micro Devices were worth $4,735,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $65,897,000. Welch Group LLC lifted its position in Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after purchasing an additional 2,981 shares during the period. Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the period. Empire Life Investments Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $717,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Advanced Micro Devices in the fourth quarter valued at about $34,366,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 2.4%

AMD stock traded down $2.89 during mid-day trading on Thursday, hitting $115.69. 33,583,657 shares of the company were exchanged, compared to its average volume of 41,665,747. The firm has a market cap of $187.58 billion, a P/E ratio of 116.86, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm's 50 day simple moving average is $100.86 and its 200 day simple moving average is $112.45.

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 7.42% and a net margin of 6.36%. 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, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has approved a stock buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have weighed in on AMD. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Morgan Stanley lowered their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Argus set a $160.00 price objective on Advanced Micro Devices in a report on Thursday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $120.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Wedbush reissued an "outperform" rating and set a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Fifteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $132.58.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by corporate insiders.

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.