Public Employees Retirement Association of Colorado increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,664 shares of the semiconductor manufacturer’s stock after buying an additional 5,905 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Advanced Micro Devices were worth $1,641,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after purchasing an additional 8,243 shares during the period. First Personal Financial Services acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $127,000. 1492 Capital Management LLC acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $128,000. Cetera Investment Advisers acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $137,000. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $139,000. Institutional investors own 60.94% of the company’s stock.
In other Advanced Micro Devices news, SVP James Robert Anderson sold 75,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $10.06, for a total value of $754,500.00. Following the transaction, the senior vice president now owns 398,773 shares in the company, valued at approximately $4,011,656.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 18,001 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total value of $204,671.37. Following the completion of the transaction, the chief accounting officer now owns 19,078 shares in the company, valued at approximately $216,916.86. The disclosure for this sale can be found here. Insiders sold a total of 1,337,412 shares of company stock worth $14,998,994 in the last 90 days. 1.60% of the stock is currently owned by insiders.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS. equities research analysts forecast that Advanced Micro Devices, Inc. will post 0.3 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on AMD shares. Vetr cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 price objective on the stock. in a research note on Friday, January 19th. Credit Suisse Group raised their price objective on shares of Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Jefferies Group reaffirmed a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Goldman Sachs Group dropped their price objective on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a research note on Wednesday, November 29th. Finally, Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Advanced Micro Devices currently has an average rating of “Hold” and a consensus price target of $14.88.
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About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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