Robocap Asset Management Ltd Purchases 30,923 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Robocap Asset Management Ltd lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 49.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,945 shares of the semiconductor manufacturer's stock after acquiring an additional 30,923 shares during the period. Advanced Micro Devices makes up about 7.1% of Robocap Asset Management Ltd's investment portfolio, making the stock its 2nd largest holding. Robocap Asset Management Ltd's holdings in Advanced Micro Devices were worth $9,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at $2,867,193,000. Toronto Dominion Bank lifted its stake in Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer's stock valued at $660,475,000 after acquiring an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock worth $364,459,000 after buying an additional 2,889,739 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after buying an additional 2,874,012 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Advanced Micro Devices by 12,097.8% during the 1st quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer's stock worth $206,402,000 after buying an additional 1,992,508 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMD shares. Raymond James Financial restated an "outperform" rating and set a $120.00 target price (down previously from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research note on Monday, June 23rd. Piper Sandler raised their target price on shares of Advanced Micro Devices from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Stifel Nicolaus restated a "buy" rating and set a $132.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 13th. Finally, Sanford C. Bernstein restated a "reduce" rating on shares of Advanced Micro Devices in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $139.55.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $0.10 during midday trading on Wednesday, hitting $137.72. 19,904,109 shares of the company traded hands, compared to its average volume of 41,857,810. The stock has a market cap of $223.31 billion, a price-to-earnings ratio of 101.46, a PEG ratio of 1.74 and a beta of 2.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The firm's fifty day moving average price is $119.44 and its 200-day moving average price is $111.75. 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 posted 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 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 company earned $0.62 EPS. The firm's revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.