Teachers Retirement System of The State of Kentucky Has $22.94 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teachers Retirement System of The State of Kentucky boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 223,263 shares of the semiconductor manufacturer's stock after purchasing an additional 5,363 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Advanced Micro Devices were worth $22,938,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. J.W. Cole Advisors Inc. raised its position in shares of Advanced Micro Devices by 27.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 44,852 shares of the semiconductor manufacturer's stock valued at $4,608,000 after acquiring an additional 9,569 shares during the last quarter. Milestones Administradora de Recursos Ltda. lifted its stake in Advanced Micro Devices by 160.0% in the 1st quarter. Milestones Administradora de Recursos Ltda. now owns 21,840 shares of the semiconductor manufacturer's stock valued at $2,244,000 after purchasing an additional 13,440 shares during the last quarter. IFP Advisors Inc raised its holdings in Advanced Micro Devices by 18.7% in the 1st quarter. IFP Advisors Inc now owns 77,355 shares of the semiconductor manufacturer's stock valued at $7,947,000 after acquiring an additional 12,183 shares during the period. OneAscent Financial Services LLC increased its holdings in shares of Advanced Micro Devices by 104.7% during the first quarter. OneAscent Financial Services LLC now owns 10,540 shares of the semiconductor manufacturer's stock worth $1,084,000 after purchasing an additional 5,390 shares during the period. Finally, 1ST Source Bank increased its stake in Advanced Micro Devices by 14.8% in the first quarter. 1ST Source Bank now owns 5,619 shares of the semiconductor manufacturer's stock valued at $577,000 after acquiring an additional 725 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on AMD shares. UBS Group dropped their target price on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Evercore ISI set a $144.00 price target on shares of Advanced Micro Devices and gave the stock an "outperform" rating in a report on Friday, June 13th. Hsbc Global Res raised shares of Advanced Micro Devices from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Susquehanna cut their price target on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird dropped their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Eleven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $154.68.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $3.18 on Wednesday, hitting $157.90. 25,339,876 shares of the company's stock were exchanged, compared to its average volume of 41,755,613. The company has a 50-day simple moving average of $127.67 and a 200-day simple moving average of $113.20. The stock has a market capitalization of $256.02 billion, a PE ratio of 116.22, a PEG ratio of 2.08 and a beta of 2.05. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $174.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.80.

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

Advanced Micro Devices announced that its Board of Directors has approved a share buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,998 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the transaction, the executive vice president directly owned 1,713,710 shares of the company's stock, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.06% 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.