Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lowered by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,799 shares of the semiconductor manufacturer’s stock after selling 909 shares during the quarter. Advanced Micro Devices comprises approximately 0.6% of Kentucky Retirement Systems’ holdings, making the stock its 27th largest position. Kentucky Retirement Systems’ holdings in Advanced Micro Devices were worth $19,757,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AMD. Precision Wealth Strategies LLC increased its holdings in shares of Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after buying an additional 155 shares in the last quarter. Concentrum Wealth Management raised its position in shares of Advanced Micro Devices by 6.6% during the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after purchasing an additional 2,354 shares during the period. 9258 Wealth Management LLC raised its position in shares of Advanced Micro Devices by 70.4% during the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock worth $1,787,000 after purchasing an additional 5,009 shares during the period. Sachetta LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $45,000. Finally, D.A. Davidson & CO. boosted its position in shares of Advanced Micro Devices by 24.6% in the 4th quarter. D.A. Davidson & CO. now owns 25,919 shares of the semiconductor manufacturer’s stock valued at $3,821,000 after purchasing an additional 5,121 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMD shares. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday. Bank of America lowered their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Insider Activity

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

Advanced Micro Devices Stock Down 1.7 %

Shares of AMD opened at $148.29 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $147.79 and a two-hundred day moving average price of $161.04. The stock has a market cap of $239.68 billion, a price-to-earnings ratio of 218.07, a P/E/G ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. 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 company earned $0.40 EPS. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 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.