Noesis Capital Mangement Corp Buys 5,566 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Noesis Capital Mangement Corp increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 90,293 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,566 shares during the period. Advanced Micro Devices comprises about 1.8% of Noesis Capital Mangement Corp’s portfolio, making the stock its 22nd largest holding. Noesis Capital Mangement Corp’s holdings in Advanced Micro Devices were worth $9,277,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock valued at $4,224,840,000 after purchasing an additional 835,413 shares during the period. Norges Bank purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $2,867,193,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Advanced Micro Devices by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer’s stock worth $2,585,079,000 after acquiring an additional 1,929,225 shares during the last quarter. Northern Trust Corp increased its stake in 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 during the last quarter. Finally, Invesco Ltd. increased its stake in Advanced Micro Devices by 7.2% in the 4th quarter. Invesco Ltd. now owns 11,368,317 shares of the semiconductor manufacturer’s stock worth $1,373,179,000 after acquiring an additional 765,447 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares of the company’s stock, valued at $265,676,461.30. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $158.65 on Thursday. 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 stock has a fifty day moving average of $130.31 and a two-hundred day moving average of $114.02. The company has a market capitalization of $257.24 billion, a price-to-earnings ratio of 116.65, a PEG ratio of 2.05 and a beta of 2.05. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $174.05.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the business posted $0.62 EPS. The company’s revenue was up 35.9% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has approved a share repurchase plan 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 plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on AMD. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Monday, June 9th. TD Cowen raised their target price on Advanced Micro Devices from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Seaport Res Ptn upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, April 30th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Thursday, July 10th. Finally, Wells Fargo & Company lifted their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $154.68.

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.