Mirae Asset Global Investments Co. Ltd. Has $134.61 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mirae Asset Global Investments Co. Ltd. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,325,975 shares of the semiconductor manufacturer's stock after selling 107,143 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Advanced Micro Devices worth $134,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $65,897,000. Vanguard Group Inc. raised its holdings in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after buying an additional 1,441,626 shares during the period. Toronto Dominion Bank raised its holdings in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock worth $660,475,000 after buying an additional 4,461,609 shares during the period. Nicolet Bankshares Inc. raised its holdings in Advanced Micro Devices by 56.4% during the 4th quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock worth $426,000 after buying an additional 1,271 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock worth $2,909,350,000 after buying an additional 290,784 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

AMD stock traded up $0.13 during midday trading on Friday, hitting $143.81. 61,778,559 shares of the company traded hands, compared to its average volume of 42,236,472. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The business has a 50 day simple moving average of $113.06 and a 200-day simple moving average of $111.21. 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 stock has a market capitalization of $233.17 billion, a price-to-earnings ratio of 105.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion for 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%. Advanced Micro Devices's revenue was up 35.9% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. As a group, equities research 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 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

A number of equities research analysts have recently issued reports on AMD shares. Wells Fargo & Company cut their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a research note on Thursday, May 8th. TD Cowen boosted their target price on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Rosenblatt Securities reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Finally, HSBC raised Advanced Micro Devices from a "reduce" rating to a "hold" rating in a research report on Tuesday, May 27th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $138.19.

Insider Activity

In other 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 now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by company 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.