Exchange Traded Concepts LLC Has $9.03 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Exchange Traded Concepts LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 87,930 shares of the semiconductor manufacturer's stock after acquiring an additional 4,477 shares during the period. Exchange Traded Concepts LLC's holdings in Advanced Micro Devices were worth $9,034,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new stake in Advanced Micro Devices during the 4th quarter valued at $65,897,000. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Advanced Micro Devices during the 4th quarter valued at $34,366,000. bLong Financial LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $1,924,000. Finally, Toronto Dominion Bank increased its stake in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after purchasing an additional 4,461,609 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred 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 in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Benchmark reiterated a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Friday. KeyCorp lowered shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Wedbush reiterated an "outperform" rating and issued a $120.00 target price (up previously from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, HSBC upgraded shares of Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research note on Tuesday, May 27th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $134.13.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $116.16 on Monday. The company has a market cap of $188.34 billion, a PE ratio of 117.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm's 50-day simple moving average is $104.51 and its two-hundred day simple moving average is $111.15.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The company's revenue for the quarter was up 35.9% on a year-over-year basis. Research 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 repurchase plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

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.

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