State of Tennessee Treasury Department Purchases 89,631 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

State of Tennessee Treasury Department raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 561,436 shares of the semiconductor manufacturer’s stock after purchasing an additional 89,631 shares during the quarter. State of Tennessee Treasury Department’s holdings in Advanced Micro Devices were worth $25,747,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMD. Point72 Asset Management L.P. raised its position in Advanced Micro Devices by 60.1% in the third quarter. Point72 Asset Management L.P. now owns 7,940,243 shares of the semiconductor manufacturer’s stock valued at $230,188,000 after purchasing an additional 2,981,656 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in Advanced Micro Devices in the third quarter valued at about $71,709,000. Assenagon Asset Management S.A. bought a new position in Advanced Micro Devices in the fourth quarter valued at about $35,692,000. Russell Investments Group Ltd. raised its position in Advanced Micro Devices by 85.6% in the fourth quarter. Russell Investments Group Ltd. now owns 1,449,868 shares of the semiconductor manufacturer’s stock valued at $66,410,000 after purchasing an additional 668,486 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Advanced Micro Devices by 36.8% in the third quarter. California Public Employees Retirement System now owns 2,165,140 shares of the semiconductor manufacturer’s stock valued at $62,767,000 after purchasing an additional 582,977 shares during the last quarter. Hedge funds and other institutional investors own 70.53% of the company’s stock.

In related news, CEO Lisa T. Su sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $53.94, for a total transaction of $8,091,000.00. Following the completion of the sale, the chief executive officer now owns 2,753,670 shares of the company’s stock, valued at $148,532,959.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 831 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.63, for a total value of $32,101.53. Following the sale, the chief accounting officer now directly owns 20,779 shares of the company’s stock, valued at approximately $802,692.77. The disclosure for this sale can be found here. Insiders have sold 363,156 shares of company stock valued at $17,539,943 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Several equities analysts have commented on the company. BNP Paribas downgraded Advanced Micro Devices from an “outperform” rating to a “neutral” rating and set a $47.00 target price for the company. in a research report on Wednesday, January 29th. Royal Bank of Canada increased their target price on Advanced Micro Devices from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday. Summit Insights upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Cowen increased their target price on Advanced Micro Devices from $47.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Finally, Mizuho restated a “buy” rating and set a $55.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.14.

NASDAQ AMD traded up $0.78 during trading hours on Friday, hitting $55.31. 52,113,110 shares of the company’s stock were exchanged, compared to its average volume of 56,747,605. The stock has a 50-day simple moving average of $49.14 and a 200 day simple moving average of $37.76. Advanced Micro Devices, Inc. has a 1-year low of $21.03 and a 1-year high of $55.03. The firm has a market cap of $64.69 billion, a price-to-earnings ratio of 184.37, a PEG ratio of 2.38 and a beta of 3.12. The company has a current ratio of 1.95, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 28th. The semiconductor manufacturer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.26 by $0.06. Advanced Micro Devices had a return on equity of 26.22% and a net margin of 5.07%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the firm posted $0.08 earnings per share. The firm’s revenue was up 49.9% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.94 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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