International Assets Investment Management LLC Has $4.28 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

International Assets Investment Management LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 41,608 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,558 shares during the quarter. International Assets Investment Management LLC’s holdings in Advanced Micro Devices were worth $4,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMD. Norges Bank bought a new stake in Advanced Micro Devices during the fourth quarter worth $2,867,193,000. Toronto Dominion Bank raised its position in Advanced Micro Devices by 443.3% during the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after purchasing an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after purchasing an additional 2,889,739 shares during the last quarter. Northern Trust Corp raised its position in shares of Advanced Micro Devices by 20.1% in the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Advanced Micro Devices by 12,097.8% in the 1st quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer’s stock worth $206,402,000 after acquiring an additional 1,992,508 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AMD. Raymond James Financial restated an “outperform” rating and issued a $120.00 target price (down from $150.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Citigroup restated a “neutral” rating and set a $120.00 price target (up from $100.00) on shares of Advanced Micro Devices in a research report on Monday, June 9th. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $132.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 13th. Finally, Hsbc Global Res raised shares of Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 27th. Thirteen analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.19.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $129.58 on Tuesday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a market cap of $210.10 billion, a price-to-earnings ratio of 95.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.99. 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 firm has a fifty day moving average of $108.84 and a 200-day moving average of $110.59.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data 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. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. As a group, equities 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 authorized a stock buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.