Ameliora Wealth Management Ltd. cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 66.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,425 shares of the semiconductor manufacturer's stock after selling 4,854 shares during the period. Ameliora Wealth Management Ltd.'s holdings in Advanced Micro Devices were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Norges Bank bought a new stake in Advanced Micro Devices during the 4th quarter valued at $2,867,193,000. Toronto Dominion Bank raised its position 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 purchasing an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after acquiring an additional 2,889,739 shares in the last quarter. Northern Trust Corp raised its position in shares of Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares in the last quarter. 71.34% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
AMD has been the subject of several recent research reports. Roth Capital boosted their price target on Advanced Micro Devices from $125.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday. Melius Research set a $110.00 price target on Advanced Micro Devices in a research report on Wednesday, May 7th. HSBC raised Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Piper Sandler reissued an "overweight" rating and issued a $125.00 price target (down from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price target for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $134.13.
Read Our Latest Stock Analysis on AMD
Insider Buying and Selling
In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by insiders.
Advanced Micro Devices Stock Performance
Shares of AMD traded down $2.34 during mid-day trading on Friday, reaching $116.16. The company had a trading volume of 39,620,655 shares, compared to its average volume of 41,384,483. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week 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. The stock has a market capitalization of $188.34 billion, a P/E ratio of 117.33, a PEG ratio of 1.11 and a beta of 1.99. The stock has a 50 day moving average of $103.76 and a two-hundred day moving average of $111.65.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 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 for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The company's revenue was up 35.9% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Advanced Micro Devices declared that its board has authorized a share repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.
About Advanced Micro Devices
(
Free Report)
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.
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