Arizona State Retirement System Purchases 6,085 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Arizona State Retirement System increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,457 shares of the semiconductor manufacturer's stock after buying an additional 6,085 shares during the quarter. Arizona State Retirement System's holdings in Advanced Micro Devices were worth $56,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after buying an additional 177,700 shares during the last quarter. Swiss National Bank lifted its position in Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after buying an additional 12,500 shares during the last quarter. Shum Financial Group Inc. bought a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $858,000. State Street Corp lifted its position in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Loop Capital assumed coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price objective for the company. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Wedbush reiterated an "outperform" rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, UBS Group set a $175.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $155.83.

Advanced Micro Devices Stock Up 0.9 %

Shares of NASDAQ AMD traded up $0.92 during trading on Wednesday, reaching $101.67. The company had a trading volume of 27,810,902 shares, compared to its average volume of 40,447,625. Advanced Micro Devices, Inc. has a 12-month low of $95.89 and a 12-month high of $227.30. The stock has a market cap of $164.75 billion, a PE ratio of 102.70, a P/E/G ratio of 1.11 and a beta of 1.65. The business's 50-day moving average is $115.41 and its 200 day moving average is $135.92. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.73% 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.