Tredje AP fonden increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 23.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 528,929 shares of the semiconductor manufacturer's stock after purchasing an additional 101,669 shares during the period. Tredje AP fonden's holdings in Advanced Micro Devices were worth $54,342,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock worth $1,001,000 after purchasing an additional 234 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Advanced Micro Devices by 12.7% during the 4th 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 during the last quarter. AIA Group Ltd lifted its position in shares of Advanced Micro Devices by 320.6% during the 4th quarter. AIA Group Ltd now owns 22,726 shares of the semiconductor manufacturer's stock worth $2,745,000 after purchasing an additional 17,323 shares during the last quarter. Finally, Summit Financial LLC lifted its position in shares of Advanced Micro Devices by 11.1% during the 4th quarter. Summit Financial LLC now owns 35,860 shares of the semiconductor manufacturer's stock worth $4,332,000 after purchasing an additional 3,593 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
Advanced Micro Devices Trading Up 1.2%
AMD stock traded up $2.07 on Wednesday, hitting $179.51. 63,549,276 shares of the company were exchanged, compared to its average volume of 49,722,936. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $182.31. 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 business's fifty day moving average is $136.04 and its two-hundred day moving average is $115.69. The stock has a market capitalization of $291.06 billion, a price-to-earnings ratio of 131.99, a price-to-earnings-growth ratio of 2.35 and a beta of 2.05.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly 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 firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Advanced Micro Devices's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Advanced Micro Devices announced that its board has authorized 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 buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.
Insider Buying and Selling at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.06% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Melius Research upgraded shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and lifted their price target for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Raymond James Financial reiterated an "outperform" rating and set a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Morgan Stanley lifted their price target on shares of Advanced Micro Devices from $121.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $162.94.
Check Out Our Latest Report on Advanced Micro Devices
Advanced Micro Devices Company Profile
(
Free Report)
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.
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