Means Investment CO. Inc. Trims Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Means Investment CO. Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,810 shares of the semiconductor manufacturer’s stock after selling 1,027 shares during the period. Means Investment CO. Inc.’s holdings in Advanced Micro Devices were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $65,897,000. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $34,366,000. Toronto Dominion Bank increased its stake in shares of Advanced Micro Devices by 443.3% during the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after acquiring an additional 4,461,609 shares during the period. Finally, Nicolet Bankshares Inc. increased its stake in shares of Advanced Micro Devices by 56.4% during the fourth quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer’s stock worth $426,000 after acquiring an additional 1,271 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $128.24 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80. The company has a market capitalization of $207.93 billion, a price-to-earnings ratio of 94.29, a PEG ratio of 1.64 and a beta of 1.99. The company’s 50 day simple moving average is $108.14 and its 200 day simple moving average is $111.10. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly 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. 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 8.03% and a return on equity of 8.30%. Advanced Micro Devices’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AMD shares. Hsbc Global Res upgraded shares of Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 27th. Loop Capital lowered their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus restated a “buy” rating and set a $132.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Finally, Evercore ISI set a $144.00 target price on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Friday, June 13th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.61.

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.