Advanced Micro Devices, Inc. (AMD) Stake Boosted by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 286.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 318,102 shares of the semiconductor manufacturer’s stock after buying an additional 235,802 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Advanced Micro Devices were worth $4,056,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $125,000. First Personal Financial Services purchased a new stake in Advanced Micro Devices during the 3rd quarter worth about $127,000. Regal Investment Advisors LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter worth about $137,000. Ausdal Financial Partners Inc. purchased a new stake in Advanced Micro Devices during the 3rd quarter worth about $139,000. Finally, CAPROCK Group Inc. purchased a new stake in Advanced Micro Devices during the 3rd quarter worth about $140,000. Hedge funds and other institutional investors own 59.05% of the company’s stock.
Advanced Micro Devices, Inc. (NASDAQ AMD) opened at $11.26 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $6.47 and a fifty-two week high of $15.65. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.
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AMD has been the topic of several recent research reports. Summit Redstone restated a “hold” rating on shares of Advanced Micro Devices in a report on Saturday, July 22nd. Credit Suisse Group upped their price target on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Wells Fargo & Company restated an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday, August 23rd. MKM Partners restated a “neutral” rating and set a $13.00 price target on shares of Advanced Micro Devices in a report on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 28th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.05.
In related news, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $12.10, for a total value of $242,000.00. Following the transaction, the senior vice president now owns 533,773 shares in the company, valued at $6,458,653.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Harry A. Wolin sold 38,983 shares of Advanced Micro Devices stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $10.95, for a total value of $426,863.85. Following the completion of the transaction, the senior vice president now owns 969,858 shares in the company, valued at approximately $10,619,945.10. The disclosure for this sale can be found here. Insiders sold 1,333,877 shares of company stock worth $16,340,764 in the last quarter. 1.60% of the stock is owned by insiders.
Advanced Micro Devices Profile
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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