Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Increased by Robocap Asset Management Ltd

Robocap Asset Management Ltd increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 92,945 shares of the semiconductor manufacturer's stock after buying an additional 30,923 shares during the period. Advanced Micro Devices accounts for 7.1% of Robocap Asset Management Ltd's investment portfolio, making the stock its 2nd biggest position. Robocap Asset Management Ltd's holdings in Advanced Micro Devices were worth $9,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SilverOak Wealth Management LLC lifted its stake in Advanced Micro Devices by 12.9% in the first quarter. SilverOak Wealth Management LLC now owns 3,772 shares of the semiconductor manufacturer's stock worth $388,000 after purchasing an additional 431 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 48.7% in the first quarter. Stratos Wealth Advisors LLC now owns 13,173 shares of the semiconductor manufacturer's stock worth $1,353,000 after purchasing an additional 4,315 shares during the last quarter. Liberty One Investment Management LLC lifted its stake in Advanced Micro Devices by 10.7% in the first quarter. Liberty One Investment Management LLC now owns 8,152 shares of the semiconductor manufacturer's stock worth $838,000 after purchasing an additional 789 shares during the last quarter. Brown Advisory Inc. lifted its stake in Advanced Micro Devices by 11.6% in the first quarter. Brown Advisory Inc. now owns 29,082 shares of the semiconductor manufacturer's stock worth $2,988,000 after purchasing an additional 3,024 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Advanced Micro Devices by 41.0% in the first quarter. China Universal Asset Management Co. Ltd. now owns 50,244 shares of the semiconductor manufacturer's stock worth $5,162,000 after purchasing an additional 14,621 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction of $1,670,725.00. Following the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

AMD stock traded up $3.02 on Tuesday, hitting $137.82. The company had a trading volume of 36,030,413 shares, compared to its average volume of 42,013,462. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-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 stock's 50-day simple moving average is $118.61 and its 200 day simple moving average is $111.56. The stock has a market cap of $223.46 billion, a price-to-earnings ratio of 101.34, a P/E/G ratio of 1.78 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results 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 business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the firm earned $0.62 earnings per share. The company's quarterly revenue was up 35.9% on a year-over-year basis. As a group, equities research 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 has approved 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 repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMD. Evercore ISI set a $144.00 price target on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a research note on Friday, June 13th. Susquehanna dropped their price target on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Robert W. Baird reduced their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Finally, TD Cowen boosted their price target on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.