Matauro LLC Trims Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Matauro LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,973 shares of the semiconductor manufacturer’s stock after selling 430 shares during the period. Matauro LLC’s holdings in Advanced Micro Devices were worth $203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $2,867,193,000. Toronto Dominion Bank raised its holdings in 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 purchasing an additional 4,461,609 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings 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 worth $364,459,000 after purchasing an additional 2,889,739 shares in the last quarter. Northern Trust Corp grew 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 buying an additional 2,874,012 shares during the period. Finally, GAMMA Investing LLC grew 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 buying an additional 1,992,508 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $116.16 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a market cap of $188.34 billion, a price-to-earnings ratio of 117.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99. The stock has a 50 day simple moving average of $104.51 and a 200-day simple moving average of $111.50. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its board has initiated a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMD. Stifel Nicolaus restated a “buy” rating and set a $132.00 target price on shares of Advanced Micro Devices in a research note on Friday. UBS Group dropped their price objective on shares of Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Loop Capital cut 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. Citigroup increased their price objective on Advanced Micro Devices from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, June 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $125.00 price target (down previously from $140.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Fifteen equities research 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 stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $134.13.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices 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 sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

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.