Canada Pension Plan Investment Board Sells 1,324,489 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Canada Pension Plan Investment Board lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,075,600 shares of the semiconductor manufacturer's stock after selling 1,324,489 shares during the quarter. Canada Pension Plan Investment Board owned 0.07% of Advanced Micro Devices worth $129,922,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $29,000. Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $0.79 during mid-day trading on Friday, hitting $87.50. 34,685,670 shares of the company traded hands, compared to its average volume of 43,016,706. The stock has a market cap of $141.42 billion, a price-to-earnings ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The stock has a 50-day moving average price of $100.93 and a two-hundred day moving average price of $123.30. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMD shares. Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their target price for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. TD Cowen decreased their price objective on shares of Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Loop Capital initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a "buy" rating and a $175.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $144.90.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

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.