EULAV Asset Management Trims Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

EULAV Asset Management decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 194,000 shares of the semiconductor manufacturer's stock after selling 30,000 shares during the period. EULAV Asset Management's holdings in Advanced Micro Devices were worth $19,932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC increased its stake in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Kozak & Associates Inc. increased its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Down 2.3%

Shares of AMD stock traded down $3.11 during trading hours on Monday, hitting $134.80. The company had a trading volume of 37,302,007 shares, compared to its average volume of 42,036,984. The company's fifty day moving average is $117.84 and its 200 day moving average is $111.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The stock has a market capitalization of $218.56 billion, a PE ratio of 99.12, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period in the prior year, the business posted $0.62 EPS. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMD shares. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the stock a "buy" rating in a research note on Friday, June 13th. Benchmark restated a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Rosenblatt Securities restated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Finally, Wall Street Zen upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.55.

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.