Banco Bilbao Vizcaya Argentaria S.A. Purchases 54,470 Shares of Advanced Micro Devices, Inc. $AMD

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 458,197 shares of the semiconductor manufacturer's stock after purchasing an additional 54,470 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Advanced Micro Devices were worth $46,858,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMD. Nan Shan Life Insurance Co. Ltd. increased its position in shares of Advanced Micro Devices by 4.1% during the first quarter. Nan Shan Life Insurance Co. Ltd. now owns 375,893 shares of the semiconductor manufacturer's stock worth $38,619,000 after acquiring an additional 14,862 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in Advanced Micro Devices by 4.2% during the first quarter. Legacy Financial Advisors Inc. now owns 5,212 shares of the semiconductor manufacturer's stock worth $535,000 after purchasing an additional 210 shares during the last quarter. BSN CAPITAL PARTNERS Ltd boosted its holdings in Advanced Micro Devices by 92.3% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 400,000 shares of the semiconductor manufacturer's stock worth $42,576,000 after purchasing an additional 192,000 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new position in Advanced Micro Devices during the first quarter worth $1,000,000. Finally, Korea Investment CORP boosted its holdings in Advanced Micro Devices by 3.1% during the first quarter. Korea Investment CORP now owns 983,500 shares of the semiconductor manufacturer's stock worth $101,045,000 after purchasing an additional 29,508 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Seaport Res Ptn upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Piper Sandler increased their target price on shares of Advanced Micro Devices from $140.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Barclays increased their price target on shares of Advanced Micro Devices from $130.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, UBS Group increased their price target on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $180.12.

Advanced Micro Devices Price Performance

AMD stock opened at $176.14 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The firm has a market cap of $285.85 billion, a P/E ratio of 101.23, a P/E/G ratio of 2.10 and a beta of 1.94. The company's 50-day moving average price is $151.80 and its two-hundred day moving average price is $120.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Advanced Micro Devices's quarterly revenue was up 31.7% compared to the same quarter last year. On average, 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 repurchase plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at approximately $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by company 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.

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