Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,359 shares of the semiconductor manufacturer’s stock after acquiring an additional 865 shares during the period. State of Alaska Department of Revenue’s holdings in Advanced Micro Devices were worth $31,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Albion Financial Group UT raised its stake in shares of Advanced Micro Devices by 149.0% in the first quarter. Albion Financial Group UT now owns 5,000 shares of the semiconductor manufacturer’s stock valued at $902,000 after acquiring an additional 2,992 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Advanced Micro Devices by 38.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 17,732 shares of the semiconductor manufacturer’s stock valued at $3,200,000 after acquiring an additional 4,929 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Advanced Micro Devices by 4.4% during the 1st quarter. Sivia Capital Partners LLC now owns 4,035 shares of the semiconductor manufacturer’s stock worth $728,000 after purchasing an additional 170 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in shares of Advanced Micro Devices by 9.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 10,898 shares of the semiconductor manufacturer’s stock worth $1,967,000 after purchasing an additional 970 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $0.41 during mid-day trading on Wednesday, hitting $163.90. The company had a trading volume of 26,980,905 shares, compared to its average volume of 64,678,125. The company has a market capitalization of $264.91 billion, a price-to-earnings ratio of 241.03, a P/E/G ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $159.54 and its 200-day moving average price is $165.56.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMD shares. Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Tuesday, May 7th. Truist Financial dropped their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. Citigroup dropped their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Evercore ISI decreased their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $190.83.

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.