Banque Cantonale Vaudoise Buys Shares of 64,962 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Banque Cantonale Vaudoise has entered a new position in Advanced Micro Devices, Inc., acquiring 64,962 shares valued at approximately $6.67 million in the first quarter.
• Recent insider trading includes EVP Mark D. Papermaster selling nearly 18,000 shares for around $2.79 million, while retaining a significant stake valued at approximately $265.68 million.
• Advanced Micro Devices reported a revenue of $7.44 billion for the last quarter, surpassing analyst expectations, with a year-over-year revenue growth of 35.9%.

Banque Cantonale Vaudoise purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 64,962 shares of the semiconductor manufacturer's stock, valued at approximately $6,674,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after purchasing an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Advanced Micro Devices by 5.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 11,066 shares of the semiconductor manufacturer's stock worth $1,337,000 after purchasing an additional 575 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $4.68 during mid-day trading on Friday, hitting $171.63. 67,602,855 shares of the company's stock traded hands, compared to its average volume of 44,643,738. The firm has a 50 day simple moving average of $137.35 and a two-hundred day simple moving average of $116.10. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $182.50. The stock has a market cap of $278.28 billion, a price-to-earnings ratio of 126.20, a P/E/G ratio of 2.37 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 (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share 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 analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,998 shares of the firm's stock in a transaction on 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 transaction, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. Wall Street Zen raised Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the company a "buy" rating in a research report on Friday, June 13th. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a research report on Monday, June 23rd. Sanford C. Bernstein increased their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Finally, Hsbc Global Res raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.94.

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.