Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% in the first quarter, Holdings Channel.com reports. The fund owned 76,812 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,660 shares during the period. Advanced Micro Devices makes up about 1.0% of Great Lakes Retirement Inc.’s holdings, making the stock its 29th largest holding. Great Lakes Retirement Inc.’s holdings in Advanced Micro Devices were worth $7,892,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $2,867,193,000. Toronto Dominion Bank boosted its position 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 in the last quarter. Kovitz Investment Group Partners LLC grew its stake in Advanced Micro Devices by 2,265.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock valued at $364,459,000 after acquiring an additional 2,889,739 shares during the last quarter. Northern Trust Corp increased its holdings in Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock valued at $2,072,215,000 after acquiring an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Advanced Micro Devices by 12,097.8% during the first 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 during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 2.0%

Shares of AMD opened at $116.16 on Monday. The stock has a market cap of $188.34 billion, a PE ratio of 117.33, a P/E/G ratio of 1.11 and a beta of 1.99. 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 12 month low of $76.48 and a 12 month high of $187.28. The stock’s 50-day moving average is $104.51 and its two-hundred day moving average is $111.15.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the firm earned $0.62 earnings per share. The company’s revenue was up 35.9% on a year-over-year basis. Equities analysts forecast 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 buyback plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on AMD shares. Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 7th. UBS Group lowered their target price on Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a report on Thursday, May 8th. Hsbc Global Res upgraded shares of Advanced Micro Devices from a “moderate sell” rating to a “hold” rating in a report on Tuesday, May 27th. Finally, Loop Capital decreased their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.13.

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.