Public Employees Retirement Association of Colorado Sells 6,646 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Public Employees Retirement Association of Colorado cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 217,652 shares of the semiconductor manufacturer's stock after selling 6,646 shares during the period. Public Employees Retirement Association of Colorado's holdings in Advanced Micro Devices were worth $26,290,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMD. Howard Capital Management Group LLC boosted its position in Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 324 shares during the period. Principal Financial Group Inc. boosted its position in Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after buying an additional 588,595 shares during the last quarter. Advisory Resource Group boosted its position in Advanced Micro Devices by 19.3% in the 3rd quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock valued at $1,300,000 after buying an additional 1,282 shares during the last quarter. Westside Investment Management Inc. boosted its position in Advanced Micro Devices by 1.9% in the 3rd quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock valued at $815,000 after buying an additional 103 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its position in shares of Advanced Micro Devices by 29.6% during the third quarter. Anchor Investment Management LLC now owns 7,673 shares of the semiconductor manufacturer's stock worth $1,259,000 after purchasing an additional 1,754 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 0.3 %

Shares of AMD stock traded down $0.25 on Monday, hitting $96.39. The stock had a trading volume of 30,402,016 shares, compared to its average volume of 42,765,158. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The firm has a market cap of $155.79 billion, a P/E ratio of 97.36, a PEG ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $98.35 and a two-hundred day moving average price of $119.75.

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

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Hsbc Global Res cut shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Evercore ISI cut their price target on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. HSBC restated a "reduce" rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Melius Research restated a "hold" rating and set a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Finally, Wedbush reduced their price objective on Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.57.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were purchased at an average cost 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 of the company's stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly 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. 0.06% of the stock is currently owned by insiders.

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.