KBC Group NV Has $69.88 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

KBC Group NV boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 680,193 shares of the semiconductor manufacturer's stock after purchasing an additional 243,334 shares during the quarter. KBC Group NV's holdings in Advanced Micro Devices were worth $69,883,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Greenline Partners LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at $29,000. Kozak & Associates Inc. boosted its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 123 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on AMD. Hsbc Global Res upgraded Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Susquehanna reduced their price objective on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Barclays lifted their price objective on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Finally, Wedbush reissued an "outperform" rating and set a $120.00 target price (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $138.19.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the 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 directly owned 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of AMD traded up $2.41 during trading hours on Wednesday, reaching $138.52. 39,080,753 shares of the company's stock traded hands, compared to its average volume of 42,190,635. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The business's fifty day simple moving average is $115.18 and its two-hundred day simple moving average is $111.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The firm has a market capitalization of $224.60 billion, a price-to-earnings ratio of 101.85, a P/E/G ratio of 1.83 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. 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 approved 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 shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Advanced Micro Devices Company 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.