Public Sector Pension Investment Board Buys 83,600 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Public Sector Pension Investment Board increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 134.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,707 shares of the semiconductor manufacturer’s stock after acquiring an additional 83,600 shares during the quarter. Public Sector Pension Investment Board’s holdings in Advanced Micro Devices were worth $23,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of AMD. Citizens Financial Group Inc. RI lifted its position in Advanced Micro Devices by 49.0% during the first quarter. Citizens Financial Group Inc. RI now owns 7,126 shares of the semiconductor manufacturer’s stock valued at $1,286,000 after purchasing an additional 2,345 shares during the period. LRI Investments LLC bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $49,000. Atria Investments Inc lifted its stake in shares of Advanced Micro Devices by 16.2% in the 1st quarter. Atria Investments Inc now owns 51,904 shares of the semiconductor manufacturer’s stock worth $9,368,000 after purchasing an additional 7,236 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Advanced Micro Devices by 381.2% in the first quarter. Cetera Investment Advisers now owns 868,590 shares of the semiconductor manufacturer’s stock worth $156,772,000 after buying an additional 688,081 shares during the last quarter. Finally, Cetera Advisors LLC raised its position in Advanced Micro Devices by 339.3% in the first quarter. Cetera Advisors LLC now owns 157,137 shares of the semiconductor manufacturer’s stock worth $28,362,000 after acquiring an additional 121,366 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. TD Cowen decreased their price target on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Citigroup lowered their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group cut their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Price Performance

AMD stock opened at $136.24 on Thursday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $116.37 and a 12 month high of $227.30. The stock has a market cap of $221.09 billion, a PE ratio of 122.74, a P/E/G ratio of 1.95 and a beta of 1.71. The company has a 50-day moving average price of $152.94 and a 200 day moving average price of $154.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

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.