Teachers Retirement System of The State of Kentucky Sells 40,026 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,507 shares of the semiconductor manufacturer’s stock after selling 40,026 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Advanced Micro Devices were worth $38,201,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC grew its stake in shares of Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Semmax Financial Advisors Inc. lifted its holdings in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares in the last quarter. Fairway Wealth LLC bought a new position in Advanced Micro Devices in the 2nd quarter valued at $27,000. Valued Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 70.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 70 shares during the period. Finally, Morton Brown Family Wealth LLC raised its position in shares of Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a filing with the SEC, which is available through this link. 0.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Cantor Fitzgerald dropped their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Bank of America cut their price target on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Susquehanna reaffirmed a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Barclays cut their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Price Performance

Shares of AMD opened at $164.08 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a market capitalization of $265.20 billion, a P/E ratio of 241.29, a P/E/G ratio of 2.14 and a beta of 1.69. The company has a 50 day moving average of $146.63 and a 200-day moving average of $158.39.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Advanced Micro Devices 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.