Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lifted by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 86.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,634 shares of the semiconductor manufacturer's stock after buying an additional 24,395 shares during the period. Advanced Micro Devices comprises 1.7% of Mandatum Life Insurance Co Ltd's portfolio, making the stock its 15th largest position. Mandatum Life Insurance Co Ltd's holdings in Advanced Micro Devices were worth $5,408,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $28,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $30,000. Summit Securities Group LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $31,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Finally, American Capital Advisory LLC boosted its stake in shares of Advanced Micro Devices by 90.3% during the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD traded down $3.05 on Friday, hitting $157.36. The company's stock had a trading volume of 10,812,837 shares, compared to its average volume of 41,805,160. The company has a market capitalization of $255.14 billion, a PE ratio of 116.17, a PEG ratio of 2.14 and a beta of 2.05. 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 fifty-two week low of $76.48 and a fifty-two week high of $174.05. The company has a 50 day moving average price of $126.58 and a 200 day moving average price of $113.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm 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 8.30% and a net margin of 8.03%. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the firm'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 completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AMD shares. Citigroup reissued a "hold" rating on shares of Advanced Micro Devices in a research note on Monday. Stifel Nicolaus reaffirmed a "buy" rating and issued a $132.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. TD Cowen raised their target price on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley decreased their target price on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $152.58.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.