Quilter Plc Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Quilter Plc raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 974,247 shares of the semiconductor manufacturer's stock after acquiring an additional 33,045 shares during the quarter. Advanced Micro Devices makes up about 2.1% of Quilter Plc's holdings, making the stock its 18th biggest holding. Quilter Plc owned about 0.06% of Advanced Micro Devices worth $100,094,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMD. Greenline Partners LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Summit Securities Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $31,000. Finally, IAG Wealth Partners LLC lifted its position in Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $33,000 after purchasing an additional 118 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $143.68 on Friday. The company has a market capitalization of $232.96 billion, a price-to-earnings ratio of 105.65, a PEG ratio of 1.85 and a beta of 1.99. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. 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 firm has a 50-day moving average of $111.93 and a two-hundred day moving average of $111.10.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same period in the previous year, the company posted $0.62 EPS. The company's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a share buyback plan 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. Loop Capital cut their price target on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Citigroup restated a "neutral" rating and issued a $120.00 price target (up previously from $100.00) on shares of Advanced Micro Devices in a report on Monday, June 9th. TD Cowen raised 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. Jefferies Financial Group cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price target for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $138.19.

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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