Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Raised by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 333,060 shares of the semiconductor manufacturer's stock after acquiring an additional 28,160 shares during the period. IFM Investors Pty Ltd's holdings in Advanced Micro Devices were worth $34,219,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC boosted its position in shares of Advanced Micro Devices by 4.3% in the first quarter. OneDigital Investment Advisors LLC now owns 80,451 shares of the semiconductor manufacturer's stock worth $8,266,000 after buying an additional 3,300 shares during the period. Avantax Planning Partners Inc. boosted its position in shares of Advanced Micro Devices by 22.3% in the first quarter. Avantax Planning Partners Inc. now owns 11,464 shares of the semiconductor manufacturer's stock worth $1,178,000 after buying an additional 2,089 shares during the period. Calamos Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 167.3% in the first quarter. Calamos Wealth Management LLC now owns 4,566 shares of the semiconductor manufacturer's stock worth $469,000 after buying an additional 2,858 shares during the period. Aurora Private Wealth Inc. purchased a new stake in shares of Advanced Micro Devices in the first quarter worth about $211,000. Finally, Checchi Capital Advisers LLC boosted its position in shares of Advanced Micro Devices by 1.4% in the first quarter. Checchi Capital Advisers LLC now owns 8,559 shares of the semiconductor manufacturer's stock worth $879,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

AMD traded down $0.59 during trading hours on Friday, hitting $137.93. 28,645,993 shares of the stock were exchanged, compared to its average volume of 42,135,071. The stock has a 50-day simple moving average of $117.84 and a 200-day simple moving average of $111.58. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The stock has a market cap of $223.64 billion, a price-to-earnings ratio of 101.42, a price-to-earnings-growth ratio of 1.78 and a beta of 2.05. 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 (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same period last year, the business posted $0.62 earnings per share. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has initiated a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMD shares. Evercore ISI set a $144.00 target price on Advanced Micro Devices and gave the stock an "outperform" rating in a research report on Friday, June 13th. Sanford C. Bernstein reaffirmed a "reduce" rating on shares of Advanced Micro Devices in a research report on Tuesday. Stifel Nicolaus reaffirmed a "buy" rating and issued a $132.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Dbs Bank downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.74.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was 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 in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company's stock.

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.