Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 725,175 shares of the semiconductor manufacturer’s stock after buying an additional 4,340 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Advanced Micro Devices were worth $87,594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at about $29,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices during the fourth quarter worth $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AMD. Barclays dropped their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Finally, Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $151.34.

Advanced Micro Devices Price Performance

AMD stock opened at $96.84 on Thursday. The stock has a market cap of $156.52 billion, a PE ratio of 97.82, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The firm has a 50 day simple moving average of $103.93 and a two-hundred day simple moving average of $126.77.

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

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.