Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,628 shares of the semiconductor manufacturer's stock after acquiring an additional 16,154 shares during the quarter. South Dakota Investment Council's holdings in Advanced Micro Devices were worth $17,325,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMD. Kestra Private Wealth Services LLC increased its position in shares of Advanced Micro Devices by 5.5% during the first quarter. Kestra Private Wealth Services LLC now owns 88,745 shares of the semiconductor manufacturer's stock worth $9,118,000 after acquiring an additional 4,660 shares in the last quarter. Formidable Asset Management LLC boosted its stake in Advanced Micro Devices by 58.0% in the first quarter. Formidable Asset Management LLC now owns 17,496 shares of the semiconductor manufacturer's stock valued at $1,798,000 after acquiring an additional 6,420 shares during the last quarter. Willner & Heller LLC boosted its stake in Advanced Micro Devices by 23.5% in the first quarter. Willner & Heller LLC now owns 8,367 shares of the semiconductor manufacturer's stock valued at $860,000 after acquiring an additional 1,590 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Advanced Micro Devices by 30.1% during the 1st quarter. Diversify Advisory Services LLC now owns 226,556 shares of the semiconductor manufacturer's stock valued at $21,763,000 after buying an additional 52,379 shares in the last quarter. Finally, Ping Capital Management Inc. lifted its stake in shares of Advanced Micro Devices by 66.7% during the 1st quarter. Ping Capital Management Inc. now owns 3,000 shares of the semiconductor manufacturer's stock valued at $308,000 after buying an additional 1,200 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 2.1%

AMD traded down $3.42 during trading on Friday, reaching $156.99. The company had a trading volume of 48,717,572 shares, compared to its average volume of 41,807,326. The business's fifty day moving average price is $127.67 and its 200 day moving average price is $113.25. 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 company has a market cap of $254.54 billion, a P/E ratio of 115.43, a PEG ratio of 2.08 and a beta of 2.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $174.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted 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. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Advanced Micro Devices's revenue was up 35.9% compared to the same quarter last year. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its board has authorized a stock repurchase plan 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 plans are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMD. Susquehanna lowered their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a report on Thursday, May 8th. Citigroup raised their price target on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Friday. UBS Group cut their price target on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Finally, Sanford C. Bernstein reaffirmed a "reduce" rating on shares of Advanced Micro Devices in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $153.23.

Advanced Micro Devices 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.