Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 14,463 shares of the semiconductor manufacturer’s stock after purchasing an additional 646 shares during the quarter. UMB Bank n.a.’s holdings in Advanced Micro Devices were worth $1,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $30,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $31,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several analyst reports. UBS Group reduced their target price on Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Benchmark restated a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. 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. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Thursday, May 8th. Finally, Mizuho raised their price objective on Advanced Micro Devices from $117.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, May 19th. Fifteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.23.

Advanced Micro Devices Stock Up 4.8%

AMD opened at $121.73 on Tuesday. The business has a 50 day moving average price of $101.76 and a 200 day moving average price of $111.66. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market cap of $197.37 billion, a P/E ratio of 122.96, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99.

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. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices announced that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.