MASO CAPITAL PARTNERS Ltd Takes $904,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• MASO CAPITAL PARTNERS Ltd has acquired a new stake in Advanced Micro Devices (AMD) worth approximately $904,000, purchasing 8,800 shares during the first quarter.
• Institutional ownership of AMD is substantial, with approximately 71.34% of the stock held by institutional investors and hedge funds, reflecting significant interest in the company.
• Advanced Micro Devices' board has approved a $6.00 billion stock repurchase plan, indicating management's belief that the company's shares are undervalued.

MASO CAPITAL PARTNERS Ltd bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,800 shares of the semiconductor manufacturer's stock, valued at approximately $904,000. Advanced Micro Devices accounts for about 1.4% of MASO CAPITAL PARTNERS Ltd's holdings, making the stock its 9th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Advanced Micro Devices by 9.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock worth $2,585,079,000 after purchasing an additional 1,929,225 shares during the period. Northern Trust Corp grew its stake in shares of Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after purchasing an additional 2,874,012 shares during the period. Invesco Ltd. grew its stake in shares of Advanced Micro Devices by 7.2% during the fourth quarter. Invesco Ltd. now owns 11,368,317 shares of the semiconductor manufacturer's stock worth $1,373,179,000 after purchasing an additional 765,447 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Advanced Micro Devices by 0.9% during the first quarter. Assenagon Asset Management S.A. now owns 8,614,342 shares of the semiconductor manufacturer's stock worth $885,037,000 after purchasing an additional 73,657 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Advanced Micro Devices by 11.2% during the fourth quarter. Deutsche Bank AG now owns 7,953,627 shares of the semiconductor manufacturer's stock worth $960,719,000 after acquiring an additional 799,876 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $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 can be accessed through this link. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $171.70 on Friday. The business's 50 day moving average price is $138.58 and its two-hundred day moving average price is $116.48. The company has a market cap of $278.39 billion, a PE ratio of 126.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.94. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $182.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating 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 company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has approved a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

AMD has been the topic of several recent analyst reports. HSBC upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Thursday, July 10th. The Goldman Sachs Group upgraded Advanced Micro Devices to a "hold" rating and set a $140.00 target price on the stock in a report on Thursday, July 10th. TD Cowen lifted their target price on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Sanford C. Bernstein lifted their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Finally, Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $162.94.

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.

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