Advanced Micro Devices, Inc. $AMD Stock: Maryland State Retirement & Pension System Grows Stake

Maryland State Retirement & Pension System increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 116,960 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,811 shares during the period. Advanced Micro Devices accounts for about 1.1% of Maryland State Retirement & Pension System’s holdings, making the stock its 12th largest position. Maryland State Retirement & Pension System’s holdings in Advanced Micro Devices were worth $71,551,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. DecisionPoint Financial LLC lifted its holdings in Advanced Micro Devices by 79.2% in the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 19 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in Advanced Micro Devices during the third quarter valued at approximately $29,000. JNBA Financial Advisors grew its holdings in Advanced Micro Devices by 142.9% during the second quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Graney & King LLC acquired a new position in Advanced Micro Devices during the first quarter valued at approximately $31,000. Finally, Main Street Group LTD bought a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. KeyCorp restated an “overweight” rating and issued a $725.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, October 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $700.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Melius Research set a $650.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Finally, Roth Capital boosted their target price on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $642.47.

Advanced Micro Devices Stock Performance

AMD opened at $552.90 on Thursday. The firm has a market capitalization of $906.81 billion, a P/E ratio of 120.20, a price-to-earnings-growth ratio of 4.96 and a beta of 2.49. The stock’s 50 day moving average price is $550.43 and its two-hundred day moving average price is $419.05. The company has a quick ratio of 1.93, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a 12-month low of $188.22 and a 12-month high of $658.52.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 25,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. This represents a 25.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 230,957 shares of company stock valued at $114,799,511 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.