State of Alaska Department of Revenue Sells 50,580 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

State of Alaska Department of Revenue reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 14.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 297,453 shares of the semiconductor manufacturer’s stock after selling 50,580 shares during the quarter. State of Alaska Department of Revenue’s holdings in Advanced Micro Devices were worth $19,265,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Continuum Advisory LLC boosted its holdings in Advanced Micro Devices by 2.1% during the first quarter. Continuum Advisory LLC now owns 5,452 shares of the semiconductor manufacturer’s stock valued at $466,000 after purchasing an additional 113 shares in the last quarter. Wills Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.3% in the 3rd quarter. Wills Financial Group Inc. now owns 10,365 shares of the semiconductor manufacturer’s stock worth $657,000 after acquiring an additional 135 shares in the last quarter. Zeke Capital Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 1.8% in the 2nd quarter. Zeke Capital Advisors LLC now owns 8,194 shares of the semiconductor manufacturer’s stock worth $627,000 after acquiring an additional 147 shares in the last quarter. Missouri Trust & Investment Co boosted its holdings in shares of Advanced Micro Devices by 24.2% in the 3rd quarter. Missouri Trust & Investment Co now owns 770 shares of the semiconductor manufacturer’s stock worth $49,000 after acquiring an additional 150 shares in the last quarter. Finally, Centric Wealth Management boosted its holdings in shares of Advanced Micro Devices by 4.2% in the 3rd quarter. Centric Wealth Management now owns 3,888 shares of the semiconductor manufacturer’s stock worth $246,000 after acquiring an additional 156 shares in the last quarter. 67.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMD. Mizuho reduced their target price on Advanced Micro Devices from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, February 1st. Craig Hallum downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $76.00 target price on the stock. in a report on Wednesday, February 1st. Morgan Stanley began coverage on Advanced Micro Devices in a report on Wednesday, February 1st. They issued a “buy” rating and a $87.00 target price on the stock. Benchmark boosted their price objective on shares of Advanced Micro Devices from $93.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Finally, KeyCorp boosted their price objective on shares of Advanced Micro Devices from $80.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.60.

Advanced Micro Devices Trading Up 1.3 %

Shares of AMD traded up $1.24 during trading hours on Friday, reaching $97.84. The stock had a trading volume of 94,080,842 shares, compared to its average volume of 59,645,996. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 52 week low of $54.57 and a 52 week high of $125.67. The firm has a 50-day moving average of $79.37 and a 200 day moving average of $72.22. The company has a market cap of $157.66 billion, a P/E ratio of 111.18, a P/E/G ratio of 5.86 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Advanced Micro Devices had a net margin of 5.59% and a return on equity of 8.52%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $85.19, for a total value of $2,555,700.00. Following the completion of the transaction, the executive vice president now directly owns 1,516,945 shares of the company’s stock, valued at approximately $129,228,544.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $85.19, for a total value of $2,555,700.00. Following the completion of the transaction, the executive vice president now directly owns 1,516,945 shares of the company’s stock, valued at approximately $129,228,544.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Rick Bergman sold 3,000 shares of the company’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $85.88, for a total transaction of $257,640.00. Following the completion of the transaction, the executive vice president now directly owns 155,232 shares of the company’s stock, valued at $13,331,324.16. The disclosure for this sale can be found here. Insiders sold a total of 63,000 shares of company stock worth $5,264,040 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Advanced Micro Devices Profile

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.