Triglav Skladi D.O.O. Purchases Shares of 19,746 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Triglav Skladi D.O.O. purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, Holdings Channel.com reports. The firm purchased 19,746 shares of the semiconductor manufacturer’s stock, valued at approximately $2,385,000.

A number of other hedge funds have also added to or reduced their stakes in AMD. Texas Bank & Trust Co purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $323,000. TrinityPoint Wealth LLC boosted its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. TrinityPoint Wealth LLC now owns 11,401 shares of the semiconductor manufacturer’s stock worth $1,377,000 after buying an additional 326 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its stake in shares of Advanced Micro Devices by 3.6% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 20,874 shares of the semiconductor manufacturer’s stock worth $2,334,000 after buying an additional 722 shares during the last quarter. Thornburg Investment Management Inc. boosted its stake in shares of Advanced Micro Devices by 1.8% in the 4th quarter. Thornburg Investment Management Inc. now owns 186,834 shares of the semiconductor manufacturer’s stock worth $22,568,000 after buying an additional 3,338 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Advanced Micro Devices by 443.3% in the 4th quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after buying an additional 4,461,609 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AMD shares. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Argus set a $160.00 target price on Advanced Micro Devices in a research note on Thursday, February 6th. Loop Capital lowered their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Raymond James reaffirmed an “outperform” rating and issued a $120.00 price target (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Finally, Stifel Nicolaus set a $132.00 price target on shares of Advanced Micro Devices in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.10.

Advanced Micro Devices Stock Up 1.9%

AMD opened at $117.17 on Monday. The company has a fifty day moving average price of $98.94 and a 200-day moving average price of $114.71. The firm has a market capitalization of $189.98 billion, a P/E ratio of 118.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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