ST Germain D J Co. Inc. Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

ST Germain D J Co. Inc. reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities and 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.

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

Advanced Micro Devices Trading Up 0.4%

NASDAQ:AMD traded up $0.50 during midday trading on Friday, hitting $116.19. The stock had a trading volume of 26,964,110 shares, compared to its average volume of 41,511,341. The stock has a 50-day moving average of $101.39 and a 200 day moving average of $112.13. The company has a market capitalization of $188.39 billion, a price-to-earnings ratio of 117.36, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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 business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business's revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Analysts Set New Price Targets

AMD has been the subject of several recent analyst reports. Melius Research set a $110.00 price target on Advanced Micro Devices in a research report on Wednesday, May 7th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 27th. Evercore ISI decreased their price objective on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Argus set a $160.00 target price on Advanced Micro Devices in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $120.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Fifteen equities research 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices 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.