Robeco Institutional Asset Management B.V. Acquires 8,107 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Robeco Institutional Asset Management B.V. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 235,915 shares of the semiconductor manufacturer's stock after acquiring an additional 8,107 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Advanced Micro Devices were worth $24,238,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions 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 on 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Up 0.1%

Shares of AMD traded up $0.13 during midday trading on Friday, reaching $143.81. The stock had a trading volume of 61,778,559 shares, compared to its average volume of 42,236,472. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The company's fifty day simple moving average is $113.06 and its two-hundred day simple moving average is $111.21. The company has a market cap of $233.17 billion, a price-to-earnings ratio of 105.74, a PEG ratio of 1.85 and a beta of 1.99. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS 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 company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter last year, the business earned $0.62 EPS. The business's revenue was up 35.9% on a year-over-year basis. Equities research analysts expect 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 authorized a share buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. TD Cowen boosted 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. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a report on Thursday, May 8th. HSBC raised Advanced Micro Devices from a "reduce" rating to a "hold" rating in a report on Tuesday, May 27th. UBS Group decreased their price objective on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, Wells Fargo & Company decreased their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus 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.