California State Teachers Retirement System Has $306.56 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

California State Teachers Retirement System cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,537,969 shares of the semiconductor manufacturer's stock after selling 61,824 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Advanced Micro Devices worth $306,561,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AMD. Howard Capital Management Group LLC grew its holdings in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after acquiring an additional 324 shares in the last quarter. Principal Financial Group Inc. boosted its position in Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after purchasing an additional 588,595 shares during the last quarter. Advisory Resource Group grew its stake in Advanced Micro Devices by 19.3% in the third quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock valued at $1,300,000 after purchasing an additional 1,282 shares in the last quarter. Westside Investment Management Inc. grew its stake in Advanced Micro Devices by 1.9% in the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock valued at $815,000 after purchasing an additional 103 shares in the last quarter. Finally, Anchor Investment Management LLC increased its position in Advanced Micro Devices by 29.6% in the 3rd quarter. Anchor Investment Management LLC now owns 7,673 shares of the semiconductor manufacturer's stock worth $1,259,000 after purchasing an additional 1,754 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Up 1.3 %

Shares of Advanced Micro Devices stock traded up $1.29 during trading on Wednesday, hitting $97.35. 29,527,325 shares of the company were exchanged, compared to its average volume of 42,550,294. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $157.35 billion, a P/E ratio of 98.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm's fifty day moving average price is $97.99 and its 200 day moving average price is $119.58. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMD. Susquehanna reduced their price target on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Bank of America decreased their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Citigroup restated a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, April 16th. Wedbush decreased their price objective on shares of Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $139.57.

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.