Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Sells 6,352 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,143 shares of the semiconductor manufacturer's stock after selling 6,352 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Advanced Micro Devices were worth $3,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Astoria Portfolio Advisors LLC. raised its position in Advanced Micro Devices by 5.3% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 1,933 shares of the semiconductor manufacturer's stock valued at $224,000 after purchasing an additional 97 shares in the last quarter. Grove Bank & Trust raised its position in Advanced Micro Devices by 2.7% during the fourth quarter. Grove Bank & Trust now owns 6,189 shares of the semiconductor manufacturer's stock valued at $748,000 after purchasing an additional 161 shares in the last quarter. Mandatum Life Insurance Co Ltd raised its position in Advanced Micro Devices by 1,223.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 28,239 shares of the semiconductor manufacturer's stock valued at $3,411,000 after purchasing an additional 26,105 shares in the last quarter. Diversify Wealth Management LLC raised its position in Advanced Micro Devices by 58.9% during the fourth quarter. Diversify Wealth Management LLC now owns 27,860 shares of the semiconductor manufacturer's stock valued at $3,233,000 after purchasing an additional 10,331 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc raised its position in Advanced Micro Devices by 12.8% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 2,357 shares of the semiconductor manufacturer's stock valued at $285,000 after purchasing an additional 268 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 0.4%

AMD traded down $0.40 during trading on Friday, reaching $110.31. 30,813,460 shares of the stock traded hands, compared to its average volume of 42,341,051. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $178.86 billion, a PE ratio of 111.43, a P/E/G ratio of 1.11 and a beta of 1.97. The stock's 50-day moving average is $100.00 and its 200 day moving average is $114.07. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business's quarterly revenue was up 35.9% compared to the same quarter last year. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has authorized a share buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy 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.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AMD. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Argus set a $160.00 target price on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Piper Sandler reaffirmed an "overweight" rating and set a $125.00 target price (down previously from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

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.