Deutsche Bank AG Acquires 2,221,905 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Deutsche Bank AG significantly increased its stake in Advanced Micro Devices, Inc. by 27.9%, now holding over 10 million shares worth approximately $1.045 billion.
• AMD reported earnings of $0.48 per share, missing analysts' expectations, but its revenue of $7.69 billion exceeded estimates by 31.7% year-over-year.
• The company's Board of Directors authorized a $6 billion stock repurchase program, indicating confidence in the undervaluation of its shares.

Deutsche Bank AG raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,175,532 shares of the semiconductor manufacturer's stock after buying an additional 2,221,905 shares during the period. Deutsche Bank AG owned about 0.63% of Advanced Micro Devices worth $1,045,434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 200 shares during the last quarter. American Capital Advisory LLC grew its holdings in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 130 shares during the last quarter. Kozak & Associates Inc. grew its position in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after purchasing an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $30,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated 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 transaction, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Trading Up 0.2%

NASDAQ AMD traded up $0.36 on Friday, reaching $172.76. The company had a trading volume of 68,723,246 shares, compared to its average volume of 66,889,100. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $182.50. The stock's 50 day moving average is $143.30 and its 200-day moving average is $117.90. 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 cap of $280.36 billion, a price-to-earnings ratio of 99.29, a PEG ratio of 2.06 and a beta of 1.94.

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 for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company's revenue for the quarter was up 31.7% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

AMD has been the subject of several research reports. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Erste Group Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Advanced Micro Devices from $161.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.56.

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.