SBI Securities Co. Ltd. Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SBI Securities Co. Ltd. raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,505 shares of the semiconductor manufacturer's stock after buying an additional 5,668 shares during the period. SBI Securities Co. Ltd.'s holdings in Advanced Micro Devices were worth $9,196,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMD. Greenline Partners LLC bought a new position in Advanced Micro Devices in the fourth quarter worth about $28,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC raised its holdings in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Kozak & Associates Inc. raised its stake in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after purchasing an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD traded down $0.18 during mid-day trading on Monday, hitting $146.24. 44,642,339 shares of the stock were exchanged, compared to its average volume of 42,834,383. 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 company has a market cap of $237.11 billion, a PE ratio of 107.53, a price-to-earnings-growth ratio of 1.95 and a beta of 2.05. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $185.50. The firm has a 50-day moving average of $122.16 and a two-hundred day moving average of $112.02.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Advanced Micro Devices's revenue was up 35.9% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has initiated 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 buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on AMD shares. DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target for the company in a research note on Thursday, May 8th. Dbs Bank downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 13th. Roth Capital set a $150.00 target price on Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Wells Fargo & Company cut their price target on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $147.00.

About Advanced Micro Devices

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.