46,831 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 46,831 shares of the semiconductor manufacturer's stock, valued at approximately $4,811,000.

Other institutional investors have also modified their holdings of the company. Greenline Partners LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Summit Securities Group LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $31,000. Finally, IAG Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 74.7% during the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $33,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 1.0%

Shares of AMD stock traded up $1.34 during trading on Monday, hitting $129.58. 64,283,573 shares of the stock traded hands, compared to its average volume of 41,774,894. The firm has a market capitalization of $210.10 billion, a P/E ratio of 95.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The firm's fifty day moving average price is $108.14 and its 200-day moving average price is $110.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 earnings per share. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has approved a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AMD shares. Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Stifel Nicolaus restated a "buy" rating and set a $132.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 13th. Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Mizuho raised their target price on Advanced Micro Devices from $117.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Finally, Bank of America lifted their price objective on Advanced Micro Devices from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.19.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

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.