Bank Hapoalim BM Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bank Hapoalim BM reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,023 shares of the semiconductor manufacturer's stock after selling 5,536 shares during the quarter. Bank Hapoalim BM's holdings in Advanced Micro Devices were worth $722,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $30,000. Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $31,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the period. Finally, American Capital Advisory LLC increased its holdings in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 1.6%

NASDAQ:AMD traded up $2.26 on Friday, reaching $146.42. The company's stock had a trading volume of 49,944,990 shares, compared to its average volume of 41,762,071. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.99. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The firm has a market cap of $237.41 billion, a price-to-earnings ratio of 107.66, a price-to-earnings-growth ratio of 1.86 and a beta of 2.05. The stock has a 50 day moving average price of $122.16 and a 200 day moving average price of $112.20.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. The company's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices announced that its board has initiated a stock buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. Benchmark reissued a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Dbs Bank lowered Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Hsbc Global Res upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research report on Thursday. KeyCorp cut Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley reduced their price target 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 research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $147.00.

Insider Buying and Selling

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 stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at $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 is available through the SEC website. 0.06% of the stock is 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.