Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 345,056 shares of the semiconductor manufacturer's stock after selling 7,271 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Advanced Micro Devices were worth $41,679,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Magnetar Financial LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $4,891,000. Sandy Spring Bank grew its position in Advanced Micro Devices by 9.3% during the 4th quarter. Sandy Spring Bank now owns 7,424 shares of the semiconductor manufacturer's stock worth $897,000 after purchasing an additional 630 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in Advanced Micro Devices by 1.8% in the fourth quarter. Royal London Asset Management Ltd. now owns 723,828 shares of the semiconductor manufacturer's stock valued at $87,431,000 after purchasing an additional 13,102 shares during the period. First Financial Bankshares Inc raised its holdings in shares of Advanced Micro Devices by 0.5% in the fourth quarter. First Financial Bankshares Inc now owns 86,445 shares of the semiconductor manufacturer's stock valued at $10,442,000 after buying an additional 464 shares during the last quarter. Finally, Generali Investments Management Co LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $1,647,000. Institutional investors and hedge funds own 71.34% of the company's stock.

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Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded down $0.70 during mid-day trading on Friday, hitting $106.44. 30,651,823 shares of the company were exchanged, compared to its average volume of 43,462,777. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28. The company has a market capitalization of $172.48 billion, a P/E ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74. The business's 50 day simple moving average is $110.28 and its two-hundred day simple moving average is $131.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Loop Capital assumed coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a "buy" rating and a $175.00 price target for the company. KeyCorp decreased their price target on Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. DZ Bank cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Friday, February 7th. Finally, Citigroup restated a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $155.14.

About Advanced Micro Devices

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.