State of New Jersey Common Pension Fund D Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

State of New Jersey Common Pension Fund D raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 917,960 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,421 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Advanced Micro Devices were worth $135,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Washburn Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $231,000. Pathway Financial Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $229,000. Independence Bank of Kentucky grew its holdings in shares of Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares during the period. Gendell Jeffrey L purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $3,085,000. Finally, Sara Bay Financial purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $315,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 over the last 90 days. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $3.64 on Friday, hitting $157.40. The company’s stock had a trading volume of 42,425,480 shares, compared to its average volume of 72,781,539. The stock’s 50-day moving average is $177.79 and its two-hundred day moving average is $149.92. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The company has a market capitalization of $254.38 billion, a price-to-earnings ratio of 303.56, a price-to-earnings-growth ratio of 2.31 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter last year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AMD. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. Susquehanna restated a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, April 4th. JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Roth Mkm upped their price target on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Barclays upped their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Company Profile

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.