Lbp Am Sa Has $63.78 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

LBP AM SA raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 620,786 shares of the semiconductor manufacturer's stock after purchasing an additional 105,606 shares during the period. Advanced Micro Devices accounts for approximately 1.0% of LBP AM SA's holdings, making the stock its 20th biggest position. LBP AM SA's holdings in Advanced Micro Devices were worth $63,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Rehmann Capital Advisory Group lifted its stake in Advanced Micro Devices by 4.3% during the first quarter. Rehmann Capital Advisory Group now owns 8,474 shares of the semiconductor manufacturer's stock valued at $871,000 after purchasing an additional 348 shares during the last quarter. GFG Capital LLC lifted its stake in Advanced Micro Devices by 51.3% during the first quarter. GFG Capital LLC now owns 9,207 shares of the semiconductor manufacturer's stock valued at $946,000 after purchasing an additional 3,120 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Advanced Micro Devices by 6.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 21,171 shares of the semiconductor manufacturer's stock valued at $2,175,000 after purchasing an additional 1,316 shares during the last quarter. Greenleaf Trust lifted its position in shares of Advanced Micro Devices by 1.4% in the 1st quarter. Greenleaf Trust now owns 36,039 shares of the semiconductor manufacturer's stock valued at $3,703,000 after acquiring an additional 500 shares in the last quarter. Finally, Optimum Investment Advisors lifted its position in shares of Advanced Micro Devices by 70.3% in the 1st quarter. Optimum Investment Advisors now owns 5,870 shares of the semiconductor manufacturer's stock valued at $603,000 after acquiring an additional 2,424 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

AMD traded up $2.26 during trading on Friday, hitting $146.42. The stock had a trading volume of 49,944,990 shares, compared to its average volume of 41,725,687. The firm has a market cap of $237.41 billion, a PE ratio of 107.66, a P/E/G ratio of 1.89 and a beta of 2.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $185.50. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $122.16 and a 200-day simple moving average of $112.11.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm 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%. The business's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Bank of America upped their price target on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. HSBC upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price objective on the stock in a research note on Thursday. KeyCorp lowered shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Finally, Sanford C. Bernstein reiterated a "reduce" rating on shares of Advanced Micro Devices in a research note on Tuesday, July 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-three have issued a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $147.00.

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 shares were 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 $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

About Advanced Micro Devices

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.