Sumitomo Mitsui DS Asset Management Company Ltd Has $25.88 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 251,900 shares of the semiconductor manufacturer's stock after purchasing an additional 17,032 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Advanced Micro Devices were worth $25,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $65,897,000. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. Toronto Dominion Bank increased 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 purchasing an additional 4,461,609 shares in the last quarter. Nicolet Bankshares Inc. raised its holdings in Advanced Micro Devices by 56.4% in the fourth quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer's stock worth $426,000 after purchasing an additional 1,271 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its position in shares of Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock worth $31,958,000 after purchasing an additional 29,825 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $0.59 on Thursday, reaching $137.93. The stock had a trading volume of 28,594,122 shares, compared to its average volume of 42,074,551. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The firm has a market capitalization of $223.64 billion, a price-to-earnings ratio of 101.42, a P/E/G ratio of 1.76 and a beta of 2.05. The firm's 50-day moving average is $116.14 and its two-hundred day moving average is $111.41. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06.

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

Advanced Micro Devices declared that its Board of Directors has authorized a stock 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 usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently commented on AMD. Bank of America upped their price objective on shares of Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. TD Cowen increased their price target on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Robert W. Baird dropped their price target on 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. Melius Research upgraded Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from $110.00 to $175.00 in a research report on Monday, June 23rd. Finally, Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $138.74.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was 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 owned 1,713,710 shares of the company's stock, 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 SEC, which is available through this hyperlink. Company insiders own 0.06% of the company's stock.

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.