Gulf International Bank UK Ltd lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 25.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,110 shares of the semiconductor manufacturer's stock after selling 32,448 shares during the period. Gulf International Bank UK Ltd's holdings in Advanced Micro Devices were worth $9,566,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 200 shares in the last quarter. American Capital Advisory LLC boosted its holdings in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 130 shares in the last quarter. Finally, Investors Research Corp boosted its holdings in shares of Advanced Micro Devices by 117.9% in the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer's stock valued at $31,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
Insider Buying and Selling at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the sale, the executive vice president directly owned 125,505 shares of the company's stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.
Advanced Micro Devices Price Performance
Shares of Advanced Micro Devices stock traded up $9.47 on Wednesday, hitting $184.42. The company's stock had a trading volume of 108,009,213 shares, compared to its average volume of 67,074,880. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65. The firm has a fifty day moving average price of $148.18 and a 200-day moving average price of $119.36. The company has a market capitalization of $299.28 billion, a price-to-earnings ratio of 105.99, a price-to-earnings-growth ratio of 2.07 and a beta of 1.94.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analysts' expectations of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. Advanced Micro Devices's revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. As a group, sell-side analysts anticipate 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 stock repurchase program on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on AMD shares. Bank of America raised their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. The Goldman Sachs Group upgraded shares of Advanced Micro Devices to a "hold" rating and set a $140.00 price target on the stock in a report on Thursday, July 10th. Wedbush restated a "cautious" rating on shares of Advanced Micro Devices in a report on Saturday. HSBC raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Thursday, July 10th. Finally, Benchmark increased their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $179.21.
Check Out Our Latest Report on AMD
About Advanced Micro Devices
(
Free Report)
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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