Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Trimmed by North Star Asset Management Inc.

North Star Asset Management Inc. lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,689 shares of the semiconductor manufacturer’s stock after selling 845 shares during the quarter. North Star Asset Management Inc.’s holdings in Advanced Micro Devices were worth $13,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. GF Fund Management CO. LTD. purchased a new position in Advanced Micro Devices in the 4th quarter worth about $42,867,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $1,134,000. Public Employees Retirement System of Ohio acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $82,644,000. Pacific Point Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $604,000. Finally, Neo Ivy Capital Management acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $4,215,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AMD. Argus set a $160.00 price objective on Advanced Micro Devices in a research report on Thursday, February 6th. TD Cowen raised their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Rosenblatt Securities restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Finally, Melius Research set a $110.00 price objective on Advanced Micro Devices in a research report on Wednesday, May 7th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.58.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $110.31 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $100.00 and its two-hundred day moving average is $114.07. The company has a market cap of $178.86 billion, a P/E ratio of 111.43, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company 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 7.42% and a net margin of 6.36%. The company’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 posted $0.62 EPS. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has initiated a share repurchase 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 purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices 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.