109,000 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 109,000 shares of the semiconductor manufacturer's stock, valued at approximately $13,166,000. Advanced Micro Devices makes up approximately 1.6% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 11th largest position.

Several other large investors also recently made changes to their positions in AMD. KLP Kapitalforvaltning AS bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $65,897,000. Enzi Wealth acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $569,000. Welch Group LLC raised its holdings in shares of Advanced Micro Devices by 6.3% during the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after buying an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC lifted its position in shares of Advanced Micro Devices by 39.5% during the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after buying an additional 145,067 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after acquiring an additional 1,441,626 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity 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 dated 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 transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $2.96 during midday trading on Friday, reaching $110.07. 36,030,428 shares of the company traded hands, compared to its average volume of 40,505,547. The firm's fifty day moving average price is $100.34 and its two-hundred day moving average price is $113.11. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $178.47 billion, a price-to-earnings ratio of 111.18, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The business's quarterly revenue was up 35.9% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Benchmark restated a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Argus set a $160.00 price objective on Advanced Micro Devices in a research report on Thursday, February 6th. KeyCorp cut Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Hsbc Global Res raised Advanced Micro Devices from a "moderate sell" rating to a "hold" rating in a research note on Tuesday. Finally, Summit Insights raised Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Fifteen analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

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.