Toronto Dominion Bank Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Toronto Dominion Bank increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 443.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,467,956 shares of the semiconductor manufacturer's stock after buying an additional 4,461,609 shares during the period. Advanced Micro Devices accounts for 1.0% of Toronto Dominion Bank's portfolio, making the stock its 18th largest position. Toronto Dominion Bank owned approximately 0.34% of Advanced Micro Devices worth $660,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Second Line Capital LLC raised its holdings in Advanced Micro Devices by 19.7% in the fourth quarter. Second Line Capital LLC now owns 21,357 shares of the semiconductor manufacturer's stock worth $2,580,000 after purchasing an additional 3,519 shares in the last quarter. SGL Investment Advisors Inc. grew its position in shares of Advanced Micro Devices by 11.7% in the 4th quarter. SGL Investment Advisors Inc. now owns 5,592 shares of the semiconductor manufacturer's stock worth $625,000 after buying an additional 585 shares during the period. Shell Asset Management Co. grew its position in shares of Advanced Micro Devices by 12.7% in the 4th quarter. Shell Asset Management Co. now owns 51,478 shares of the semiconductor manufacturer's stock worth $6,218,000 after buying an additional 5,790 shares during the period. Sherbrooke Park Advisers LLC increased its stake in shares of Advanced Micro Devices by 53.8% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 7,100 shares of the semiconductor manufacturer's stock worth $858,000 after acquiring an additional 2,483 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $55,486,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMD shares. Cantor Fitzgerald reissued an "overweight" rating and set a $120.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price target for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Piper Sandler restated an "overweight" rating and issued a $125.00 price target (down previously from $140.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $2.43 on Monday, hitting $114.74. The stock had a trading volume of 37,547,453 shares, compared to its average volume of 42,669,608. The business's 50-day simple moving average is $98.94 and its two-hundred day simple moving average is $114.71. The stock has a market cap of $186.04 billion, a price-to-earnings ratio of 115.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm's revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

About Advanced Micro Devices

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.