Meeder Asset Management Inc. Has $88,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Meeder Asset Management Inc. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 36.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 860 shares of the semiconductor manufacturer’s stock after purchasing an additional 230 shares during the period. Meeder Asset Management Inc.’s holdings in Advanced Micro Devices were worth $88,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank boosted its position in 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 valued at $660,475,000 after acquiring an additional 4,461,609 shares during the last quarter. Nicolet Bankshares Inc. boosted its position in Advanced Micro Devices by 56.4% during the fourth quarter. Nicolet Bankshares Inc. now owns 3,523 shares of the semiconductor manufacturer’s stock valued at $426,000 after acquiring an additional 1,271 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in Advanced Micro Devices by 12.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock valued at $31,958,000 after acquiring an additional 29,825 shares during the last quarter. Heritage Trust Co bought a new stake in Advanced Micro Devices during the fourth quarter valued at $804,000. Finally, Valicenti Advisory Services Inc. boosted its position in Advanced Micro Devices by 4.0% during the first quarter. Valicenti Advisory Services Inc. now owns 76,826 shares of the semiconductor manufacturer’s stock valued at $7,893,000 after acquiring an additional 2,944 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on AMD. 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 research report on Wednesday, May 7th. Raymond James Financial reissued an “outperform” rating and set a $120.00 price objective (down previously from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “sell” rating and set a $150.00 price objective on the stock. in a research report on Wednesday. Wedbush reissued an “outperform” rating and set a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Barclays increased their price objective on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.94.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,998 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Up 1.2%

Shares of AMD stock opened at $179.51 on Thursday. The company has a 50 day moving average of $136.04 and a 200-day moving average of $115.69. 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 $182.31. The firm has a market cap of $291.06 billion, a P/E ratio of 131.99, a PEG ratio of 2.35 and a beta of 2.05.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the business posted $0.62 EPS. Advanced Micro Devices’s quarterly revenue was up 35.9% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its board has approved a stock buyback 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 often an indication that the company’s management believes its shares are undervalued.

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.