Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Increased by Shell Asset Management Co.

Shell Asset Management Co. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,478 shares of the semiconductor manufacturer’s stock after buying an additional 5,790 shares during the period. Shell Asset Management Co.’s holdings in Advanced Micro Devices were worth $6,218,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $25,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. KeyCorp cut shares of Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 8th. Loop Capital decreased their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Barclays lowered their price objective on shares of Advanced Micro Devices from $140.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $125.00 price objective (down from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.45.

Advanced Micro Devices Trading Down 2.3%

Shares of AMD stock opened at $114.99 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The firm’s fifty day simple moving average is $98.53 and its 200 day simple moving average is $115.48. The firm has a market capitalization of $186.45 billion, a P/E ratio of 116.15, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Advanced Micro Devices’s revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has authorized a share 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices 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.