Penserra Capital Management LLC Purchases 69,870 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Penserra Capital Management LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 59.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,603 shares of the semiconductor manufacturer's stock after purchasing an additional 69,870 shares during the quarter. Penserra Capital Management LLC's holdings in Advanced Micro Devices were worth $19,169,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $65,897,000. Vanguard Group Inc. grew its position 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 acquiring an additional 1,441,626 shares during the last quarter. Toronto Dominion Bank grew its position 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 acquiring an additional 4,461,609 shares during the last quarter. Nicolet Bankshares Inc. grew its position 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 acquiring an additional 1,271 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG grew its position in Advanced Micro Devices by 12.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after acquiring an additional 29,825 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 2.7%

Shares of Advanced Micro Devices stock traded up $3.63 on Tuesday, reaching $138.43. The company's stock had a trading volume of 25,315,936 shares, compared to its average volume of 41,973,912. The company has a market capitalization of $224.45 billion, a price-to-earnings ratio of 101.79, a P/E/G ratio of 1.78 and a beta of 2.05. The firm's fifty day simple moving average is $118.61 and its two-hundred day simple moving average is $111.56. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. 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 (NASDAQ:AMD - Get Free Report) last posted its 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 business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. 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 of Directors has approved a stock buyback program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AMD shares. Rosenblatt Securities restated a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 13th. Stifel Nicolaus reiterated a "buy" rating and issued a $132.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Mizuho increased their price objective on Advanced Micro Devices from $135.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Finally, Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 price objective for the company in a report on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $139.55.

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.