Triglav Skladi D.O.O. Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Key Points

• Triglav Skladi D.O.O. increased its holdings in Advanced Micro Devices, Inc. by 40.5%, acquiring an additional 8,000 shares during Q1, bringing their total to 27,746 shares valued at approximately $2.85 million.
• Multiple hedge funds, including Brighton Jones LLC and Bank Pictet & Cie Europe AG, significantly boosted their stakes in AMD during the fourth quarter, reflecting strong institutional interest.
• Advanced Micro Devices reported a Q2 EPS of $0.48, falling short of the $0.54 expectation, though revenue increased by 31.7% year-over-year to $7.69 billion.

Triglav Skladi D.O.O. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 40.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 27,746 shares of the semiconductor manufacturer's stock after buying an additional 8,000 shares during the quarter. Triglav Skladi D.O.O.'s holdings in Advanced Micro Devices were worth $2,851,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC increased its position in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock worth $5,551,000 after acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC increased its holdings in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after buying an additional 234 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer's stock valued at $31,958,000 after buying an additional 29,825 shares during the period. SageView Advisory Group LLC increased its holdings in Advanced Micro Devices by 2.4% in the 4th quarter. SageView Advisory Group LLC now owns 6,613 shares of the semiconductor manufacturer's stock valued at $799,000 after buying an additional 156 shares during the period. Finally, Cohen & Steers Inc. increased its holdings in Advanced Micro Devices by 6.0% in the 4th quarter. Cohen & Steers Inc. now owns 2,256 shares of the semiconductor manufacturer's stock valued at $273,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Roth Capital set a $150.00 target price on shares of Advanced Micro Devices and gave the company a "buy" rating in a report on Friday, June 13th. Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Wedbush reaffirmed a "cautious" rating on shares of Advanced Micro Devices in a report on Saturday, August 9th. Sanford C. Bernstein lifted their price target on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Finally, Wall Street Zen raised shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $180.12.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,998 shares of the stock in a transaction dated 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 owned 1,713,710 shares of the company's stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 1.9%

AMD traded down $3.47 during trading on Thursday, hitting $180.95. 66,165,573 shares of the company's stock were exchanged, compared to its average volume of 69,515,504. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The business's 50 day moving average is $148.18 and its two-hundred day moving average is $119.36. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $186.65. The stock has a market cap of $293.65 billion, a P/E ratio of 68.56, a PEG ratio of 2.18 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The business's revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has approved a stock buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

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.