Maryland State Retirement & Pension System Acquires 1,328 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Maryland State Retirement & Pension System grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,794 shares of the semiconductor manufacturer’s stock after buying an additional 1,328 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Advanced Micro Devices were worth $18,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the period. Private Advisor Group LLC grew its position in shares of Advanced Micro Devices by 104.6% during the 4th quarter. Private Advisor Group LLC now owns 99,165 shares of the semiconductor manufacturer’s stock worth $14,574,000 after buying an additional 2,278,076 shares in the last quarter. Sylebra Capital LLC purchased a new position in shares of Advanced Micro Devices during the third quarter valued at $227,566,000. Atreides Management LP increased its stake in shares of Advanced Micro Devices by 114.3% during the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock valued at $351,925,000 after buying an additional 1,825,557 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Advanced Micro Devices in the third quarter valued at about $169,199,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMD shares. Truist Financial dropped their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. The Goldman Sachs Group upped their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. UBS Group decreased their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.94.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,850 shares of company stock worth $34,637,833. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Down 1.0 %

AMD traded down $1.60 during trading on Tuesday, hitting $154.18. The company had a trading volume of 31,689,169 shares, compared to its average volume of 71,173,430. The company has a market capitalization of $249.20 billion, a PE ratio of 230.46, a PEG ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a one year low of $89.17 and a one year high of $227.30. The firm’s 50-day moving average price is $175.00 and its 200 day moving average price is $152.86. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the business earned $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

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.