State of Tennessee Department of Treasury Sells 45,735 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

State of Tennessee Department of Treasury lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 560,056 shares of the semiconductor manufacturer's stock after selling 45,735 shares during the period. State of Tennessee Department of Treasury's holdings in Advanced Micro Devices were worth $67,649,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $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 owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research analyst reports. Jefferies Financial Group cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Citigroup reiterated a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, April 16th. Mizuho cut their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Wells Fargo & Company decreased their target price on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, HSBC reissued a "reduce" rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.57.

Advanced Micro Devices Trading Up 4.5 %

Advanced Micro Devices stock traded up $4.08 during trading hours on Thursday, hitting $94.47. The stock had a trading volume of 33,538,915 shares, compared to its average volume of 42,866,838. The stock has a market cap of $152.69 billion, a price-to-earnings ratio of 95.43, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The business's 50 day simple moving average is $99.44 and its 200-day simple moving average is $121.95. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.