Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Cut by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 345,056 shares of the semiconductor manufacturer’s stock after selling 7,271 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Advanced Micro Devices were worth $41,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMD. Van ECK Associates Corp boosted its holdings in Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after buying an additional 2,238,866 shares in the last quarter. State Street Corp increased its position in shares of Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after purchasing an additional 1,565,083 shares during the period. Alecta Tjanstepension Omsesidigt acquired a new position in Advanced Micro Devices during the fourth quarter valued at $165,952,000. Finally, Clear Street Derivatives LLC purchased a new stake in Advanced Micro Devices in the 3rd quarter worth about $110,496,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 2.6 %

Shares of Advanced Micro Devices stock opened at $106.23 on Thursday. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $187.69. 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 business’s 50 day simple moving average is $110.76 and its 200 day simple moving average is $132.35. The firm has a market cap of $172.14 billion, a PE ratio of 107.30, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMD. Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Benchmark reissued a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Susquehanna reduced their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday, February 5th. Finally, Melius Research reaffirmed a “hold” rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

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.