State Board of Administration of Florida Retirement System boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.3% during the second quarter, HoldingsChannel.com reports. The fund owned 1,557,165 shares of the semiconductor manufacturer’s stock after purchasing an additional 145,231 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Advanced Micro Devices were worth $81,922,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital World Investors lifted its holdings in Advanced Micro Devices by 69.1% during the first quarter. Capital World Investors now owns 47,990,133 shares of the semiconductor manufacturer’s stock valued at $2,182,597,000 after purchasing an additional 19,615,477 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Advanced Micro Devices during the first quarter valued at $324,394,000. Capital Research Global Investors bought a new position in shares of Advanced Micro Devices during the first quarter valued at $207,759,000. Jennison Associates LLC increased its holdings in shares of Advanced Micro Devices by 8,058.7% during the first quarter. Jennison Associates LLC now owns 3,101,529 shares of the semiconductor manufacturer’s stock valued at $141,058,000 after acquiring an additional 3,063,514 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Advanced Micro Devices by 9.4% in the 1st quarter. Geode Capital Management LLC now owns 19,489,112 shares of the semiconductor manufacturer’s stock worth $884,798,000 after buying an additional 1,680,707 shares in the last quarter. 69.37% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on AMD. Cfra boosted their price target on Advanced Micro Devices from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Rosenblatt Securities boosted their price target on Advanced Micro Devices from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Barclays boosted their price target on Advanced Micro Devices from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. BNP Paribas raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $52.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Advanced Micro Devices has an average rating of “Buy” and a consensus target price of $69.78.
Shares of NASDAQ AMD traded up $1.45 during trading on Thursday, reaching $82.54. The stock had a trading volume of 1,270,742 shares, compared to its average volume of 85,899,688. Advanced Micro Devices, Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $87.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.56 and a current ratio of 2.10. The business’s 50-day moving average price is $67.54 and its 200-day moving average price is $54.97. The company has a market cap of $95.87 billion, a P/E ratio of 120.09, a PEG ratio of 1.95 and a beta of 2.29.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.06. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $0.08 EPS. Advanced Micro Devices’s revenue for the quarter was up 26.1% on a year-over-year basis. Analysts forecast that Advanced Micro Devices, Inc. will post 0.91 EPS for the current fiscal year.
In related news, EVP Mark D. Papermaster sold 43,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $82.35, for a total transaction of $3,541,050.00. Following the completion of the transaction, the executive vice president now directly owns 1,400,999 shares of the company’s stock, valued at approximately $115,372,267.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Forrest Eugene Norrod sold 75,000 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $55.25, for a total value of $4,143,750.00. Following the transaction, the senior vice president now directly owns 752,100 shares of the company’s stock, valued at $41,553,525. The disclosure for this sale can be found here. Insiders have sold a total of 649,635 shares of company stock valued at $44,023,536 over the last three months. 1.50% of the stock is currently owned by insiders.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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