Asset Management One Co. Ltd. Acquires 20,594 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Asset Management One Co. Ltd. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.1% during the 1st quarter, HoldingsChannel reports. The fund owned 691,693 shares of the semiconductor manufacturer’s stock after buying an additional 20,594 shares during the period. Asset Management One Co. Ltd.’s holdings in Advanced Micro Devices were worth $71,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Greenline Partners LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $29,000. Kozak & Associates Inc. lifted its stake in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 123 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Summit Securities Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $31,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.0%

Shares of Advanced Micro Devices stock opened at $129.58 on Tuesday. The stock has a market cap of $210.10 billion, a P/E ratio of 95.28, a P/E/G ratio of 1.66 and a beta of 1.99. 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, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The business’s 50 day moving average is $108.84 and its 200-day moving average is $110.59.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 net margin of 8.03% and a return on equity of 8.30%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Equities research analysts predict 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 plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the topic of several recent research reports. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Robert W. Baird dropped their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Bank of America boosted their price target on Advanced Micro Devices from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Finally, HSBC upgraded Advanced Micro Devices from a “reduce” rating to a “hold” rating in a report on Tuesday, May 27th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.19.

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.