Wolff Wiese Magana LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 77.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,106 shares of the semiconductor manufacturer's stock after selling 3,823 shares during the quarter. Wolff Wiese Magana LLC's holdings in Advanced Micro Devices were worth $114,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $2,867,193,000. Toronto Dominion Bank grew its holdings in Advanced Micro Devices by 443.3% during the 4th 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. Kovitz Investment Group Partners LLC grew its holdings in Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after purchasing an additional 2,889,739 shares in the last quarter. Northern Trust Corp lifted its holdings in Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock worth $2,072,215,000 after buying an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Advanced Micro Devices by 12,097.8% in the 1st quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer's stock worth $206,402,000 after buying an additional 1,992,508 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.
Insider Transactions at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on AMD shares. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 13th. Melius Research raised Advanced Micro Devices from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $110.00 to $175.00 in a research report on Monday. Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Cowen upped their price target on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $132.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $138.19.
Check Out Our Latest Analysis on Advanced Micro Devices
Advanced Micro Devices Price Performance
Advanced Micro Devices stock traded up $4.97 during trading hours on Wednesday, hitting $143.40. 74,286,621 shares of the company traded hands, compared to its average volume of 42,039,963. The firm's 50-day simple moving average is $109.71 and its two-hundred day simple moving average is $110.79. The firm has a market cap of $232.51 billion, a P/E ratio of 105.44, a P/E/G ratio of 1.79 and a beta of 1.99. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. 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 released its 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 during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.
Advanced Micro Devices announced that its Board of Directors has initiated a stock repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.
Advanced Micro Devices Company Profile
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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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