Compagnie Lombard Odier SCmA Invests $2.49 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Compagnie Lombard Odier SCmA bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,187 shares of the semiconductor manufacturer's stock, valued at approximately $2,485,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in 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. Union Bancaire Privee UBP SA purchased a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $34,366,000. Revolve Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in Advanced Micro Devices by 16,019.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 397,030 shares of the semiconductor manufacturer's stock valued at $440,000 after purchasing an additional 394,567 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its holdings in Advanced Micro Devices by 3.8% in the 4th quarter. Focus Financial Network Inc. now owns 10,859 shares of the semiconductor manufacturer's stock valued at $1,312,000 after purchasing an additional 396 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $2.34 during midday trading on Friday, hitting $116.16. 39,620,655 shares of the stock were exchanged, compared to its average volume of 41,413,918. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a market capitalization of $188.34 billion, a price-to-earnings ratio of 117.33, a P/E/G ratio of 1.11 and a beta of 1.99. The business has a 50-day moving average price of $104.51 and a two-hundred day moving average price of $111.15. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The company 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 7.42% and a net margin of 6.36%. The firm's revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. Susquehanna lowered their price objective on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. TD Cowen boosted their price target on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research note on Thursday, May 8th. Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price target for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Finally, HSBC raised Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $134.13.

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.