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

State of Alaska Department of Revenue lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,059 shares of the semiconductor manufacturer’s stock after selling 3,020 shares during the period. State of Alaska Department of Revenue’s holdings in Advanced Micro Devices were worth $22,353,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth $32,000. FSA Wealth Management LLC acquired a new position in shares of Advanced Micro Devices in the third quarter worth $41,000. Finally, Coston McIsaac & Partners lifted its position in shares of Advanced Micro Devices by 319.4% in the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 198 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $112.01 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market capitalization of $181.77 billion, a PE ratio of 100.91, a P/E/G ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The business’s fifty day moving average price is $125.02 and its two-hundred day moving average price is $140.59.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on AMD. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday. KeyCorp reduced their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays lowered their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Piper Sandler reduced their price target on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company lowered their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $161.30.

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.