UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,401,436 shares of the semiconductor manufacturer's stock after purchasing an additional 1,929,225 shares during the period. Advanced Micro Devices comprises about 0.6% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's investment portfolio, making the stock its 21st biggest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.32% of Advanced Micro Devices worth $2,585,079,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Waverly Advisors LLC lifted its position in Advanced Micro Devices by 238.3% during the fourth quarter. Waverly Advisors LLC now owns 30,274 shares of the semiconductor manufacturer's stock valued at $3,657,000 after purchasing an additional 21,325 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $56,281,000. Woodline Partners LP raised its holdings in Advanced Micro Devices by 1,134.5% during the fourth quarter. Woodline Partners LP now owns 463,829 shares of the semiconductor manufacturer's stock valued at $56,026,000 after acquiring an additional 426,257 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $17,428,000. Finally, Vestment Financial LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $231,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 1.2%

NASDAQ:AMD traded down $1.35 during trading hours on Thursday, reaching $110.71. The company's stock had a trading volume of 29,132,116 shares, compared to its average volume of 42,585,125. The company has a market capitalization of $179.51 billion, a P/E ratio of 111.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a 50 day moving average price of $99.74 and a two-hundred day moving average price of $114.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on AMD. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $120.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Summit Insights raised shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $132.58.

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.