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

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

A number of other large investors also recently added to or reduced their stakes in the stock. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $31,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMD. HSBC raised shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a report on Tuesday, May 27th. Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Sanford C. Bernstein lowered their target price on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Citigroup reaffirmed a "neutral" rating on shares of Advanced Micro Devices in a research note on Wednesday, May 14th. Finally, Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Fifteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $132.58.

Advanced Micro Devices Stock Up 3.5%

NASDAQ:AMD traded up $3.90 during mid-day trading on Monday, hitting $114.63. The stock had a trading volume of 34,004,484 shares, compared to its average volume of 41,852,409. The stock has a 50-day simple moving average of $100.25 and a two-hundred day simple moving average of $112.51. The company has a market capitalization of $185.86 billion, a PE ratio of 115.79, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. 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 announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 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 analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm's revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has initiated a stock repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.06% of the company's stock.

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.