Public Employees Retirement System of Ohio Acquires New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Public Employees Retirement System of Ohio acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 684,198 shares of the semiconductor manufacturer's stock, valued at approximately $82,644,000.

A number of other large investors also recently bought and sold shares of the company. Koshinski Asset Management Inc. increased its holdings in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock valued at $575,000 after purchasing an additional 91 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Advanced Micro Devices by 202.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 9,340 shares of the semiconductor manufacturer's stock valued at $1,128,000 after purchasing an additional 6,255 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Advanced Micro Devices by 8.9% in the 4th quarter. MCF Advisors LLC now owns 1,856 shares of the semiconductor manufacturer's stock valued at $224,000 after purchasing an additional 152 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in shares of Advanced Micro Devices by 157.5% in the 4th quarter. Sheets Smith Wealth Management now owns 5,198 shares of the semiconductor manufacturer's stock valued at $628,000 after purchasing an additional 3,179 shares in the last quarter. Finally, Advisory Alpha LLC increased its holdings in shares of Advanced Micro Devices by 9.7% in the 4th quarter. Advisory Alpha LLC now owns 5,636 shares of the semiconductor manufacturer's stock valued at $681,000 after purchasing an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 4.3%

NASDAQ:AMD traded up $4.75 on Tuesday, hitting $115.06. 21,143,701 shares of the stock were exchanged, compared to its average volume of 42,211,865. The stock has a market capitalization of $186.56 billion, a price-to-earnings ratio of 116.24, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company's 50-day moving average price is $100.08 and its 200 day moving average price is $113.34.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. On average, equities research analysts forecast 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 initiated a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business'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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price for the company in a report on Thursday, May 8th. Barclays raised their target price on shares of Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their target price for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Finally, Susquehanna dropped their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

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.