IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 87.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,393 shares of the semiconductor manufacturer's stock after purchasing an additional 10,419 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Advanced Micro Devices were worth $2,301,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of AMD. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $28,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake 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 purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC lifted its stake 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 purchasing an additional 130 shares during the last quarter. Kozak & Associates Inc. lifted its position in Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.
Insider Buying and Selling at Advanced Micro Devices
In other news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company's stock.
Advanced Micro Devices Stock Performance
NASDAQ AMD opened at $171.70 on Monday. The firm has a market cap of $278.39 billion, a price-to-earnings ratio of 126.25, a PEG ratio of 2.27 and a beta of 1.94. The company has a 50 day moving average of $138.58 and a 200-day moving average of $116.44. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $182.50.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company's revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
Advanced Micro Devices announced that its board has approved a stock buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on AMD. Melius Research raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from $110.00 to $175.00 in a research report on Monday, June 23rd. Mizuho boosted their target price on shares of Advanced Micro Devices from $152.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Citigroup boosted their target price on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. HSBC raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 target price for the company in a research report on Thursday, July 10th. Finally, Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $162.94.
Read Our Latest Stock Analysis on AMD
Advanced Micro Devices Company Profile
(
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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