BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 116,020 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 59.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,561 shares of the semiconductor manufacturer's stock after acquiring an additional 116,020 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Advanced Micro Devices were worth $50,214,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMD. Tradewinds Capital Management LLC lifted its holdings in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 71 shares during the period. Morton Brown Family Wealth LLC lifted its holdings in Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC acquired a new position in Advanced Micro Devices during the 2nd quarter worth about $27,000. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices during the 4th quarter worth about $28,000. Finally, Semmax Financial Advisors Inc. lifted its holdings in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMD shares. KeyCorp dropped their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 9th. Bank of America dropped their price objective on Advanced Micro Devices from $195.00 to $180.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. BNP Paribas raised Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, July 31st. Truist Financial dropped their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. Finally, Susquehanna reaffirmed a "positive" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $193.45.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $1.46 during trading on Tuesday, hitting $158.21. The stock had a trading volume of 21,847,869 shares, compared to its average volume of 59,541,270. The stock has a market cap of $255.72 billion, a price-to-earnings ratio of 228.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The stock's 50 day moving average is $146.31 and its two-hundred day moving average is $159.61. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 earnings per share. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the company's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company's stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.