Teacher Retirement System of Texas Takes $12.85 Million Position in Advanced Micro Devices, Inc. (AMD)

Teacher Retirement System of Texas purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,007,647 shares of the semiconductor manufacturer’s stock, valued at approximately $12,847,000. Teacher Retirement System of Texas owned 0.10% of Advanced Micro Devices as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of AMD. Baillie Gifford & Co. acquired a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $184,767,000. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 6.6% during the second quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock worth $1,161,796,000 after purchasing an additional 5,797,819 shares during the period. CI Investments Inc. boosted its holdings in shares of Advanced Micro Devices by 312.3% during the third quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock worth $93,367,000 after purchasing an additional 5,546,993 shares during the period. American Century Companies Inc. acquired a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $49,674,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Advanced Micro Devices by 3,815.8% during the second quarter. Janus Henderson Group PLC now owns 3,833,805 shares of the semiconductor manufacturer’s stock worth $47,845,000 after purchasing an additional 3,735,900 shares during the period. Institutional investors and hedge funds own 58.63% of the company’s stock.

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In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $12.18, for a total transaction of $1,522,500.00. Following the sale, the chief executive officer now owns 2,037,139 shares of the company’s stock, valued at approximately $24,812,353.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Forrest Eugene Norrod sold 25,701 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $11.21, for a total value of $288,108.21. Following the sale, the senior vice president now directly owns 729,971 shares in the company, valued at approximately $8,182,974.91. The disclosure for this sale can be found here. Insiders have sold a total of 1,312,587 shares of company stock worth $16,030,861 in the last ninety days. Insiders own 1.60% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up $0.44 during midday trading on Friday, hitting $11.69. The stock had a trading volume of 13,600,258 shares, compared to its average volume of 68,410,477. Advanced Micro Devices, Inc. has a 1 year low of $7.77 and a 1 year high of $15.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70.

A number of analysts have issued reports on the stock. Bank of America Corporation reiterated a “buy” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a research note on Tuesday. Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $11.12 target price (down from $19.00) on shares of Advanced Micro Devices in a research note on Friday, November 10th. Morgan Stanley cut shares of Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $8.00 to $11.00 in a research note on Monday, October 30th. Finally, TheStreet upgraded shares of Advanced Micro Devices from a “d” rating to a “c-” rating in a research note on Tuesday, October 24th. Six analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and an average price target of $14.05.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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

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