Teachers Retirement System of The State of Kentucky Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teachers Retirement System of The State of Kentucky lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 227,995 shares of the semiconductor manufacturer’s stock after selling 7,512 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Advanced Micro Devices were worth $37,409,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMD. Christopher J. Hasenberg Inc boosted its stake in shares of Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after buying an additional 60 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its stake in shares of Advanced Micro Devices by 0.3% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock valued at $3,995,000 after acquiring an additional 65 shares during the period. Wealth Effects LLC boosted its stake in Advanced Micro Devices by 0.7% in the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares during the period. Jacobsen Capital Management boosted its position in shares of Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after acquiring an additional 70 shares during the last quarter. Finally, Pacific Sun Financial Corp increased its holdings in Advanced Micro Devices by 4.4% in the 2nd quarter. Pacific Sun Financial Corp now owns 1,710 shares of the semiconductor manufacturer’s stock valued at $277,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $127.74 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 1-year low of $121.82 and a 1-year high of $227.30. The company has a market cap of $207.30 billion, a PE ratio of 115.08, a price-to-earnings-growth ratio of 1.91 and a beta of 1.66. The stock’s 50 day simple moving average is $149.48 and its 200-day simple moving average is $153.01.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMD has been the topic of a number of research analyst reports. Edward Jones began coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating on the stock. Evercore ISI lifted their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. UBS Group lowered their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.36.

Check Out Our Latest Research Report on AMD

Advanced Micro Devices Profile

(Free Report)

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.

Further Reading

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

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