California Public Employees Retirement System Sells 193,322 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

California Public Employees Retirement System decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,939,174 shares of the semiconductor manufacturer’s stock after selling 193,322 shares during the period. California Public Employees Retirement System owned about 0.18% of Advanced Micro Devices worth $355,023,000 at the end of the most recent quarter.

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

Advanced Micro Devices Stock Down 3.2 %

Shares of NASDAQ:AMD opened at $103.22 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $187.28. The company has a market capitalization of $167.27 billion, a PE ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a fifty day moving average of $109.39 and a 200-day moving average of $130.82.

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

Analyst Ratings Changes

AMD has been the subject of a number of research analyst reports. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Thursday. KeyCorp decreased their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $152.72.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

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.