Advanced Micro Devices, Inc. (NASDAQ:AMD) is Bellecapital International Ltd.'s 8th Largest Position

Bellecapital International Ltd. boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,151 shares of the semiconductor manufacturer's stock after buying an additional 12,065 shares during the period. Advanced Micro Devices makes up approximately 3.4% of Bellecapital International Ltd.'s investment portfolio, making the stock its 8th largest position. Bellecapital International Ltd.'s holdings in Advanced Micro Devices were worth $17,070,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMD. Net Worth Advisory Group boosted its stake in shares of Advanced Micro Devices by 136.7% in the 1st quarter. Net Worth Advisory Group now owns 7,632 shares of the semiconductor manufacturer's stock valued at $784,000 after purchasing an additional 4,408 shares in the last quarter. Tran Capital Management L.P. grew its position in Advanced Micro Devices by 8.6% in the 1st quarter. Tran Capital Management L.P. now owns 3,974 shares of the semiconductor manufacturer's stock valued at $408,000 after purchasing an additional 315 shares during the period. Simon Quick Advisors LLC boosted its holdings in Advanced Micro Devices by 39.4% during the 1st quarter. Simon Quick Advisors LLC now owns 8,201 shares of the semiconductor manufacturer's stock worth $843,000 after acquiring an additional 2,316 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Advanced Micro Devices by 17.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 1,757 shares of the semiconductor manufacturer's stock worth $181,000 after acquiring an additional 255 shares during the last quarter. Finally, CX Institutional raised its stake in shares of Advanced Micro Devices by 6.8% during the 1st quarter. CX Institutional now owns 15,680 shares of the semiconductor manufacturer's stock worth $1,611,000 after purchasing an additional 995 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMD. Wells Fargo & Company lowered their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. HSBC upgraded Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. Mizuho boosted their price objective on Advanced Micro Devices from $117.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Piper Sandler restated an "overweight" rating and issued a $125.00 price objective (down from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $132.00 price objective on shares of Advanced Micro Devices in a research note on Friday. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.13.

Advanced Micro Devices Price Performance

AMD traded down $2.34 during midday trading on Friday, hitting $116.16. The stock had a trading volume of 39,620,655 shares, compared to its average volume of 41,413,918. The company has a market cap of $188.34 billion, a P/E ratio of 117.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The business has a fifty day moving average of $104.51 and a 200 day moving average of $111.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results 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 business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Advanced Micro Devices's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. As a group, equities analysts forecast 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 approved 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 buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

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.