Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 468,528 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,934 shares during the quarter. Advanced Micro Devices comprises approximately 0.5% of Arizona State Retirement System’s portfolio, making the stock its 27th biggest position. Arizona State Retirement System’s holdings in Advanced Micro Devices were worth $76,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock valued at $685,089,000 after acquiring an additional 4,138,612 shares during the period. Capital World Investors boosted its holdings in shares of Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock valued at $688,190,000 after acquiring an additional 2,982,704 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after acquiring an additional 2,979,204 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 0.0 %

Shares of AMD stock opened at $139.50 on Friday. The firm has a market cap of $225.48 billion, a P/E ratio of 205.06, a PEG ratio of 2.03 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The firm’s 50-day simple moving average is $151.87 and its 200-day simple moving average is $163.17.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the firm posted $0.40 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMD shares. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Truist Financial cut their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Edward Jones started coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating for the company. Citigroup upped their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Cantor Fitzgerald cut their price objective on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $193.45.

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.