Illinois Municipal Retirement Fund Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Illinois Municipal Retirement Fund reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,256 shares of the semiconductor manufacturer’s stock after selling 20,415 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Advanced Micro Devices were worth $4,621,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hendley & Co. Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $211,000. Sentry Investment Management LLC raised its holdings in Advanced Micro Devices by 71.7% during the 4th quarter. Sentry Investment Management LLC now owns 6,699 shares of the semiconductor manufacturer’s stock valued at $809,000 after buying an additional 2,798 shares during the period. Trifecta Capital Advisors LLC lifted its position in Advanced Micro Devices by 6.0% in the fourth quarter. Trifecta Capital Advisors LLC now owns 26,084 shares of the semiconductor manufacturer’s stock worth $3,151,000 after buying an additional 1,485 shares during the last quarter. Prasad Wealth Partners LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth $310,000. Finally, BankPlus Trust Department purchased a new position in Advanced Micro Devices during the fourth quarter worth $39,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 0.8 %

Shares of NASDAQ AMD opened at $104.74 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $103.62 and a 1-year high of $227.30. The business has a fifty day moving average price of $117.72 and a 200 day moving average price of $137.42. The stock has a market capitalization of $169.73 billion, a P/E ratio of 105.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMD. Susquehanna dropped their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. KeyCorp reduced their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Loop Capital began coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Finally, Mizuho cut their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

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.