Brilliance Asset Management Ltd. Acquires Shares of 5,872 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Brilliance Asset Management Ltd. has acquired 5,872 shares of Advanced Micro Devices, Inc. (AMD) valued at approximately $603,000, making it the 9th largest holding in their portfolio.
• Advanced Micro Devices announced a $6 billion share buyback program, indicating that the management believes the stock is undervalued.
• AMD's recent earnings report revealed an EPS of $0.48, missing analyst expectations, but their revenue of $7.69 billion exceeded estimates and showed significant year-over-year growth.

Brilliance Asset Management Ltd. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,872 shares of the semiconductor manufacturer's stock, valued at approximately $603,000. Advanced Micro Devices comprises about 0.2% of Brilliance Asset Management Ltd.'s portfolio, making the stock its 9th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 200 shares during the period. American Capital Advisory LLC increased its holdings in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the period. Kozak & Associates Inc. increased its holdings in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $172.40 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $279.53 billion, a PE ratio of 99.08, a price-to-earnings-growth ratio of 2.15 and a beta of 1.94. The company has a 50 day moving average price of $143.30 and a two-hundred day moving average price of $117.90. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $182.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the firm earned $0.69 earnings per share. Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts predict 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 authorized a share buyback program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on 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 completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on shares of Advanced Micro Devices from $100.00 to $160.00 in a report on Wednesday, July 16th. Robert W. Baird dropped their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Mizuho increased their price objective on shares of Advanced Micro Devices from $152.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, UBS Group boosted their price target on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Thirteen research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $178.56.

About Advanced Micro Devices

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.