Teacher Retirement System of Texas Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teacher Retirement System of Texas lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 40.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,467 shares of the semiconductor manufacturer’s stock after selling 64,812 shares during the quarter. Teacher Retirement System of Texas’ holdings in Advanced Micro Devices were worth $11,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Sandy Spring Bank increased its position in shares of Advanced Micro Devices by 9.3% during the fourth quarter. Sandy Spring Bank now owns 7,424 shares of the semiconductor manufacturer’s stock worth $897,000 after acquiring an additional 630 shares during the period. Royal London Asset Management Ltd. increased its position in shares of Advanced Micro Devices by 1.8% during the fourth quarter. Royal London Asset Management Ltd. now owns 723,828 shares of the semiconductor manufacturer’s stock worth $87,431,000 after acquiring an additional 13,102 shares during the period. First Financial Bankshares Inc increased its position in shares of Advanced Micro Devices by 0.5% during the fourth quarter. First Financial Bankshares Inc now owns 86,445 shares of the semiconductor manufacturer’s stock worth $10,442,000 after acquiring an additional 464 shares during the period. Generali Investments Management Co LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $1,647,000. Finally, Investment House LLC increased its position in shares of Advanced Micro Devices by 22.2% during the fourth quarter. Investment House LLC now owns 31,480 shares of the semiconductor manufacturer’s stock worth $3,802,000 after acquiring an additional 5,726 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $106.44 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $172.48 billion, a P/E ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.28. The company has a 50-day moving average price of $110.28 and a 200 day moving average price of $131.88.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on AMD. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Benchmark reissued a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. TD Cowen dropped their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Susquehanna dropped their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.14.

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.