J. Safra Sarasin Holding AG Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• J. Safra Sarasin Holding AG increased its stake in Advanced Micro Devices, Inc. by 93.9% to a total of 6,743 shares, worth approximately $694,000.
• Analysts have largely upgraded AMD's rating, with Barclays raising their price target to $130 and Mizuho hiking it to $175, reflecting a consensus rating of "Moderate Buy".
• AMD authorized a share buyback program of $6.00 billion, indicating that the board believes its shares are undervalued.

J. Safra Sarasin Holding AG increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 93.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,743 shares of the semiconductor manufacturer's stock after buying an additional 3,265 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Advanced Micro Devices were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of AMD. Toronto Dominion Bank increased its stake in shares of Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after acquiring an additional 4,461,609 shares in the last quarter. Nicolet Bankshares Inc. increased its position in shares of Advanced Micro Devices by 56.4% during the fourth quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock worth $426,000 after acquiring an additional 1,271 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after purchasing an additional 29,825 shares during the last quarter. Heritage Trust Co purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $804,000. Finally, Valicenti Advisory Services Inc. boosted its holdings in Advanced Micro Devices by 4.0% during the first quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer's stock worth $7,893,000 after purchasing an additional 2,944 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMD. Wedbush raised their target price on Advanced Micro Devices from $170.00 to $190.00 and gave the company an "outperform" rating in a research report on Wednesday. Benchmark boosted their target price on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday. Roth Capital set a $150.00 price target on shares of Advanced Micro Devices and gave the stock a "buy" rating in a report on Friday, June 13th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, Sanford C. Bernstein boosted their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $178.09.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was 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. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 6.4%

Shares of NASDAQ AMD traded down $11.19 on Wednesday, reaching $163.12. 132,642,918 shares of the company's stock traded hands, compared to its average volume of 60,340,328. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The business's 50 day simple moving average is $141.11 and its two-hundred day simple moving average is $117.23. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $182.50. The company has a market cap of $264.48 billion, a price-to-earnings ratio of 64.80, a price-to-earnings-growth ratio of 2.31 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.61%. The company had revenue of $7.69 billion for the quarter, compared to analysts' expectations of $7.41 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock repurchase program 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 programs are usually a sign that the company's board 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.