PKO Investment Management Joint Stock Co Has $12.05 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

PKO Investment Management Joint Stock Co increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,315 shares of the semiconductor manufacturer's stock after acquiring an additional 8,315 shares during the period. Advanced Micro Devices comprises about 1.4% of PKO Investment Management Joint Stock Co's investment portfolio, making the stock its 17th biggest position. PKO Investment Management Joint Stock Co's holdings in Advanced Micro Devices were worth $12,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $25,000. Greenline Partners LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $28,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $29,000. Mpwm Advisory Solutions LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $30,000. Finally, Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $31,000. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMD. Barclays increased their target price on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, June 9th. Robert W. Baird cut their target price on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Hsbc Global Res raised Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $134.61.

Advanced Micro Devices Stock Down 0.2%

AMD stock traded down $0.31 during mid-day trading on Wednesday, reaching $126.79. The company had a trading volume of 49,442,387 shares, compared to its average volume of 41,812,839. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.80 and a quick ratio of 1.97. The stock has a 50 day simple moving average of $106.08 and a two-hundred day simple moving average of $111.19. The company has a market capitalization of $205.58 billion, a price-to-earnings ratio of 93.23, a PEG ratio of 1.64 and a beta of 1.99. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data 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. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same period last year, the firm posted $0.62 earnings per share. The business's revenue was up 35.9% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices announced that its board has authorized a stock buyback program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's 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 completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.06% of the company's stock.

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.