Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Raised by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,246,187 shares of the semiconductor manufacturer’s stock after buying an additional 2,295,080 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 1.27% of Advanced Micro Devices worth $125,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its holdings in Advanced Micro Devices by 40.4% in the fourth quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock worth $93,983,000 after purchasing an additional 2,629,584 shares during the period. Ardsley Advisory Partners raised its holdings in shares of Advanced Micro Devices by 300.0% during the fourth quarter. Ardsley Advisory Partners now owns 40,000 shares of the semiconductor manufacturer’s stock worth $411,000 after acquiring an additional 30,000 shares during the period. California State Teachers Retirement System raised its holdings in shares of Advanced Micro Devices by 0.9% during the fourth quarter. California State Teachers Retirement System now owns 1,388,616 shares of the semiconductor manufacturer’s stock worth $14,275,000 after acquiring an additional 11,938 shares during the period. Ellington Management Group LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $114,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $104,000. 62.15% of the stock is currently owned by institutional investors and hedge funds.

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Shares of AMD stock traded down $0.41 on Friday, hitting $9.61. The stock had a trading volume of 51,087,146 shares, compared to its average volume of 66,041,800. The company has a market cap of $9,313.36, a P/E ratio of 120.13, a P/E/G ratio of 4.15 and a beta of 2.86. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. Advanced Micro Devices, Inc. has a 12-month low of $9.04 and a 12-month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. research analysts expect that Advanced Micro Devices, Inc. will post 0.32 earnings per share for the current fiscal year.

In other news, SVP Harry A. Wolin sold 75,046 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total value of $906,555.68. Following the completion of the transaction, the senior vice president now directly owns 1,175,504 shares in the company, valued at $14,200,088.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark D. Papermaster sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $11.38, for a total transaction of $1,707,000.00. Following the completion of the transaction, the senior vice president now owns 1,207,949 shares of the company’s stock, valued at $13,746,459.62. The disclosure for this sale can be found here. Insiders have sold 1,158,620 shares of company stock valued at $13,933,528 in the last quarter. Company insiders own 1.80% of the company’s stock.

A number of brokerages have recently commented on AMD. MKM Partners lifted their price objective on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research report on Monday, January 29th. BidaskClub raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Vetr downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.61 target price for the company. in a report on Wednesday, February 14th. Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Macquarie upgraded shares of Advanced Micro Devices from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $10.29 to $10.47 in a research note on Monday, December 18th. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.49.

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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.

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

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