Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Czech National Bank

Czech National Bank boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 372,199 shares of the semiconductor manufacturer's stock after acquiring an additional 20,328 shares during the quarter. Czech National Bank's holdings in Advanced Micro Devices were worth $38,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. KLP Kapitalforvaltning AS purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $65,897,000. Welch Group LLC lifted its holdings in shares of Advanced Micro Devices by 6.3% during the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after acquiring an additional 2,981 shares during the last quarter. Vanguard Group Inc. grew its position in Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. Empire Life Investments Inc. bought a new position in Advanced Micro Devices in the fourth quarter valued at $717,000. Finally, Symphony Financial Ltd. Co. raised its position in Advanced Micro Devices by 194.4% during the fourth quarter. Symphony Financial Ltd. Co. now owns 6,361 shares of the semiconductor manufacturer's stock valued at $783,000 after purchasing an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other 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 completion of 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 filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent research reports. Argus set a $160.00 price objective on Advanced Micro Devices in a research report on Thursday, February 6th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. UBS Group cut their price objective on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Susquehanna decreased their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Fifteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Advanced Micro Devices Stock Up 1.2%

NASDAQ:AMD traded up $1.46 during mid-day trading on Wednesday, hitting $118.77. The stock had a trading volume of 20,446,963 shares, compared to its average volume of 40,339,355. 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, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a market capitalization of $192.57 billion, a PE ratio of 119.97, a PEG ratio of 1.11 and a beta of 1.97. The stock has a 50-day simple moving average of $100.55 and a two-hundred day simple moving average of $112.41.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Advanced Micro Devices's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has initiated a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.