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Teacher Retirement System of Texas Has $32.11 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices logo with Computer and Technology background

Teacher Retirement System of Texas grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 227.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 312,515 shares of the semiconductor manufacturer's stock after buying an additional 217,048 shares during the quarter. Teacher Retirement System of Texas' holdings in Advanced Micro Devices were worth $32,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Greenline Partners LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC increased its position in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. raised its stake in shares of Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 123 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's 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 completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMD. Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Raymond James Financial reiterated an "outperform" rating and issued a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Melius upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $175.00 target price for the company in a research report on Monday, June 23rd. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a "buy" rating in a research note on Friday, June 13th. Finally, Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $138.74.

View Our Latest Research Report on AMD

Advanced Micro Devices Stock Down 0.4%

Shares of NASDAQ:AMD traded down $0.59 during midday trading on Friday, reaching $137.93. 28,645,993 shares of the company were exchanged, compared to its average volume of 42,055,866. The firm has a market cap of $223.64 billion, a PE ratio of 101.42, a P/E/G ratio of 1.78 and a beta of 2.05. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The stock has a fifty day simple moving average of $117.84 and a two-hundred day simple moving average of $111.51. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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