Treasurer of the State of North Carolina Acquires 15,264 Shares of Advanced Micro Devices, Inc. $AMD

Treasurer of the State of North Carolina raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 752,304 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,264 shares during the period. Treasurer of the State of North Carolina’s holdings in Advanced Micro Devices were worth $106,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Micro Devices by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,015,171 shares of the semiconductor manufacturer’s stock valued at $144,053,000 after buying an additional 3,908 shares during the period. Investment House LLC raised its stake in Advanced Micro Devices by 7.4% during the second quarter. Investment House LLC now owns 38,860 shares of the semiconductor manufacturer’s stock worth $5,514,000 after buying an additional 2,680 shares during the last quarter. BNP Paribas lifted its holdings in Advanced Micro Devices by 29.7% in the second quarter. BNP Paribas now owns 137,821 shares of the semiconductor manufacturer’s stock valued at $19,561,000 after buying an additional 31,564 shares during the period. Slate Path Capital LP boosted its position in Advanced Micro Devices by 25.7% during the second quarter. Slate Path Capital LP now owns 763,824 shares of the semiconductor manufacturer’s stock valued at $108,387,000 after acquiring an additional 156,324 shares during the last quarter. Finally, Frisch Financial Group Inc. bought a new stake in Advanced Micro Devices during the second quarter valued at $260,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

AMD opened at $221.43 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The company has a market cap of $360.50 billion, a price-to-earnings ratio of 109.62, a PEG ratio of 1.64 and a beta of 1.93. The company’s fifty day moving average price is $230.19 and its two-hundred day moving average price is $178.42. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Citigroup lifted their price objective on Advanced Micro Devices from $215.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Erste Group Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Robert W. Baird set a $300.00 price target on Advanced Micro Devices in a report on Wednesday, November 5th. Finally, UBS Group lifted their price objective on shares of Advanced Micro Devices from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.54.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares of the company’s stock, valued at $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. This trade represents a 0.99% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 58,476 shares of company stock worth $13,356,593. Insiders own 0.06% of the company’s stock.

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.