Oregon Public Employees Retirement Fund Sells 30,102 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)


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Oregon Public Employees Retirement Fund cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,791 shares of the semiconductor manufacturer’s stock after selling 30,102 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Advanced Micro Devices were worth $24,192,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Freestone Capital Holdings LLC purchased a new position in Advanced Micro Devices in the third quarter worth about $25,000. McCarthy Asset Management Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Tsfg LLC lifted its position in shares of Advanced Micro Devices by 65.8% during the 4th quarter. Tsfg LLC now owns 315 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 125 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Advanced Micro Devices by 644.7% during the 3rd quarter. CENTRAL TRUST Co now owns 350 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 303 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 67.01% of the company’s stock.

In related news, CEO Lisa T. Su sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 8th. The stock was sold at an average price of $92.89, for a total value of $13,933,500.00. Following the sale, the chief executive officer now owns 2,776,039 shares in the company, valued at approximately $257,866,262.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rick Bergman sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 4th. The stock was sold at an average price of $88.29, for a total value of $176,580.00. Following the completion of the sale, the executive vice president now owns 71,891 shares in the company, valued at approximately $6,347,256.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,606 shares of company stock worth $21,542,633. Insiders own 1.20% of the company’s stock.

NASDAQ AMD traded down $1.56 on Tuesday, hitting $83.81. 1,433,405 shares of the company’s stock were exchanged, compared to its average volume of 45,263,934. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.28 and a quick ratio of 1.74. The firm’s 50-day moving average price is $90.94 and its two-hundred day moving average price is $86.14. Advanced Micro Devices, Inc. has a fifty-two week low of $36.75 and a fifty-two week high of $99.23. The firm has a market cap of $101.52 billion, a price-to-earnings ratio of 107.72, a P/E/G ratio of 1.14 and a beta of 2.29.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Monday, January 25th. The semiconductor manufacturer reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 52.5% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 1.01 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on AMD shares. The Goldman Sachs Group lifted their price objective on Advanced Micro Devices from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, December 14th. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 17th. Craig Hallum lifted their price objective on Advanced Micro Devices from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, January 27th. Barclays lifted their price objective on Advanced Micro Devices from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 27th. Finally, Loop Capital lifted their price objective on Advanced Micro Devices from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, January 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the stock. Advanced Micro Devices presently has an average rating of “Buy” and a consensus target price of $87.21.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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

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