Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,401,436 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,929,225 shares during the quarter. Advanced Micro Devices makes up approximately 0.6% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 21st largest holding. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Advanced Micro Devices were worth $2,585,079,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Astoria Portfolio Advisors LLC. raised its holdings in shares of Advanced Micro Devices by 5.3% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 1,933 shares of the semiconductor manufacturer’s stock valued at $224,000 after purchasing an additional 97 shares during the last quarter. Grove Bank & Trust increased its position in Advanced Micro Devices by 2.7% during the 4th quarter. Grove Bank & Trust now owns 6,189 shares of the semiconductor manufacturer’s stock worth $748,000 after buying an additional 161 shares during the period. Mandatum Life Insurance Co Ltd raised its stake in Advanced Micro Devices by 1,223.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 28,239 shares of the semiconductor manufacturer’s stock worth $3,411,000 after purchasing an additional 26,105 shares in the last quarter. Diversify Wealth Management LLC increased its stake in Advanced Micro Devices by 58.9% during the 4th quarter. Diversify Wealth Management LLC now owns 27,860 shares of the semiconductor manufacturer’s stock worth $3,233,000 after acquiring an additional 10,331 shares during the period. Finally, Pine Haven Investment Counsel Inc boosted its stake in Advanced Micro Devices by 12.8% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 2,357 shares of the semiconductor manufacturer’s stock valued at $285,000 after buying an additional 268 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Down 2.1%

AMD stock opened at $114.74 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The firm has a market capitalization of $186.04 billion, a PE ratio of 115.90, a PEG ratio of 1.11 and a beta of 1.97. The business’s 50 day simple moving average is $99.21 and its 200 day simple moving average is $114.52. 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 released 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. 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 during the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the prior year, the company earned $0.62 EPS. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMD shares. Melius Research set a $110.00 price objective on Advanced Micro Devices in a research report on Wednesday, May 7th. Dbs Bank cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Seaport Res Ptn raised Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, April 30th. Loop Capital cut their price objective on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.58.

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.