Teacher Retirement System of Texas Sells 64,812 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teacher Retirement System of Texas trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,467 shares of the semiconductor manufacturer's stock after selling 64,812 shares during the period. Teacher Retirement System of Texas' holdings in Advanced Micro Devices were worth $11,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMD. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new position in Advanced Micro Devices during the third quarter worth $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Argus set a $160.00 price target on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Hsbc Global Res lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Finally, KeyCorp decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $155.14.

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Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.73% of the company's stock.

Advanced Micro Devices Trading Up 0.8 %

Shares of AMD traded up $0.96 during midday trading on Tuesday, hitting $114.81. The stock had a trading volume of 28,997,079 shares, compared to its average volume of 43,498,447. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $187.28. The business has a 50-day simple moving average of $110.21 and a two-hundred day simple moving average of $131.60. 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 firm has a market cap of $186.05 billion, a P/E ratio of 115.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its 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, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.