Teacher Retirement System of Texas Sells 410,790 Shares of Advanced Micro Devices, Inc. (AMD)

Teacher Retirement System of Texas lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 47.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 462,696 shares of the semiconductor manufacturer’s stock after selling 410,790 shares during the quarter. Teacher Retirement System of Texas’ holdings in Advanced Micro Devices were worth $8,541,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Advanced Micro Devices by 4,261.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,893,657 shares of the semiconductor manufacturer’s stock valued at $211,000 after purchasing an additional 3,804,384 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Advanced Micro Devices by 131.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,837,267 shares of the semiconductor manufacturer’s stock valued at $107,757,000 after purchasing an additional 3,311,157 shares during the period. Geode Capital Management LLC increased its position in Advanced Micro Devices by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after purchasing an additional 1,651,507 shares during the period. First Trust Advisors LP increased its position in Advanced Micro Devices by 27.0% during the 4th quarter. First Trust Advisors LP now owns 5,038,969 shares of the semiconductor manufacturer’s stock valued at $93,019,000 after purchasing an additional 1,071,738 shares during the period. Finally, Northern Trust Corp increased its position in Advanced Micro Devices by 9.0% during the 4th quarter. Northern Trust Corp now owns 9,969,648 shares of the semiconductor manufacturer’s stock valued at $184,040,000 after purchasing an additional 823,765 shares during the period. 58.84% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $27.54, for a total value of $165,240.00. Following the completion of the sale, the senior vice president now owns 28,979 shares of the company’s stock, valued at approximately $798,081.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $27.49, for a total value of $824,700.00. Following the completion of the sale, the executive vice president now directly owns 1,329,588 shares of the company’s stock, valued at approximately $36,550,374.12. The disclosure for this sale can be found here. Insiders have sold a total of 35,453,166 shares of company stock worth $830,095,189 over the last quarter. Company insiders own 1.50% of the company’s stock.

A number of analysts have weighed in on AMD shares. Daiwa Capital Markets initiated coverage on shares of Advanced Micro Devices in a research report on Sunday, December 30th. They set a “buy” rating and a $26.00 target price for the company. Cowen raised their price objective on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 30th. Zacks Investment Research downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. ValuEngine downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Advanced Micro Devices from $18.00 to $20.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $26.91.

NASDAQ:AMD traded up $0.49 during trading hours on Wednesday, hitting $28.46. 49,869,091 shares of the company traded hands, compared to its average volume of 79,031,578. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. Advanced Micro Devices, Inc. has a one year low of $9.56 and a one year high of $34.14. The stock has a market cap of $29.94 billion, a PE ratio of 81.31, a price-to-earnings-growth ratio of 1.75 and a beta of 3.40.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Advanced Micro Devices had a return on equity of 37.84% and a net margin of 5.20%. During the same period last year, the business earned $0.08 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 0.52 earnings per share for the current fiscal year.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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