Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 111,220 shares of the semiconductor manufacturer’s stock after selling 1,532 shares during the quarter. Kentucky Retirement Systems’ holdings in Advanced Micro Devices were worth $13,434,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Prakash Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $527,000. ING Groep NV grew its stake in Advanced Micro Devices by 8.8% during the fourth quarter. ING Groep NV now owns 684,649 shares of the semiconductor manufacturer’s stock worth $82,699,000 after buying an additional 55,212 shares during the period. Pacific Sun Financial Corp grew its stake in Advanced Micro Devices by 15.7% during the fourth quarter. Pacific Sun Financial Corp now owns 1,985 shares of the semiconductor manufacturer’s stock worth $240,000 after buying an additional 270 shares during the period. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at $25,000. Finally, Citizens National Bank Trust Department boosted its stake in shares of Advanced Micro Devices by 54.4% in the fourth quarter. Citizens National Bank Trust Department now owns 10,331 shares of the semiconductor manufacturer’s stock valued at $1,248,000 after purchasing an additional 3,640 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 0.5 %

Shares of NASDAQ:AMD opened at $114.17 on Friday. The stock has a market capitalization of $185.01 billion, a price-to-earnings ratio of 115.32, a PEG ratio of 1.15 and a beta of 1.65. The stock has a fifty day simple moving average of $119.16 and a two-hundred day simple moving average of $138.11. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Barclays dropped their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Susquehanna lowered their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, KeyCorp reduced their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.70.

About Advanced Micro Devices

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.