Public Employees Retirement Association of Colorado Decreases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Public Employees Retirement Association of Colorado lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 217,652 shares of the semiconductor manufacturer's stock after selling 6,646 shares during the period. Public Employees Retirement Association of Colorado's holdings in Advanced Micro Devices were worth $26,290,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AMD. KLP Kapitalforvaltning AS purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $65,897,000. Enzi Wealth purchased a new position in Advanced Micro Devices during the 4th quarter valued at approximately $569,000. Welch Group LLC lifted its stake in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after purchasing an additional 2,981 shares during the last quarter. Stonegate Investment Group LLC lifted its stake 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 acquiring an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Advanced Micro Devices by 19.8% during the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock valued at $212,943,000 after purchasing an additional 289,110 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 1.2 %

AMD stock traded up $1.13 during trading on Thursday, hitting $98.48. The company had a trading volume of 15,858,230 shares, compared to its average volume of 42,447,050. The business has a 50-day moving average of $97.72 and a 200-day moving average of $119.43. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The stock has a market cap of $159.18 billion, a PE ratio of 99.34, a PEG ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction 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 in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

AMD has been the subject of several analyst reports. Argus set a $160.00 target price on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Benchmark restated a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. DZ Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Friday, February 7th. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, HSBC reaffirmed a "reduce" rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $139.57.

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.