Commerzbank Aktiengesellschaft FI Has $2.80 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 35.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 27,250 shares of the semiconductor manufacturer's stock after purchasing an additional 7,191 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Advanced Micro Devices were worth $2,800,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMD. Brighton Jones LLC boosted its holdings in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after acquiring an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Advanced Micro Devices by 12.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after acquiring an additional 29,825 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in Advanced Micro Devices by 36.9% in the fourth quarter. Proficio Capital Partners LLC now owns 4,880 shares of the semiconductor manufacturer's stock valued at $589,000 after acquiring an additional 1,315 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at about $7,089,000. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMD shares. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and raised their target price for the stock from $110.00 to $175.00 in a report on Monday, June 23rd. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price on the stock in a report on Monday, June 23rd. Stifel Nicolaus restated a "buy" rating and set a $132.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Citigroup restated a "hold" rating on shares of Advanced Micro Devices in a report on Monday. Finally, Wedbush reaffirmed an "outperform" rating and set a $120.00 price target (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and five have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $152.58.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $0.33 during midday trading on Thursday, hitting $160.41. 50,400,461 shares of the company's stock were exchanged, compared to its average volume of 41,912,371. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $174.05. The company's 50 day moving average price is $125.41 and its 200 day moving average price is $112.79. The firm has a market capitalization of $260.09 billion, a PE ratio of 117.95, a price-to-earnings-growth ratio of 2.14 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the company posted $0.62 EPS. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, 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 has initiated a stock buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.