Texas Permanent School Fund Corp Has $16.13 Million Stake in Advanced Micro Devices, Inc. $AMD

by · The Cerbat Gem

Texas Permanent School Fund Corp cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 38.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,690 shares of the semiconductor manufacturer’s stock after selling 71,719 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Advanced Micro Devices were worth $16,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cornerstone Advisory LLC increased its position in Advanced Micro Devices by 1.4% in the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock valued at $606,000 after buying an additional 57 shares in the last quarter. King Wealth Management Group boosted its holdings in Advanced Micro Devices by 2.1% in the second quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock worth $428,000 after acquiring an additional 62 shares in the last quarter. Synergy Financial Group LTD grew its stake in Advanced Micro Devices by 2.0% in the second quarter. Synergy Financial Group LTD now owns 3,309 shares of the semiconductor manufacturer’s stock valued at $470,000 after acquiring an additional 64 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of Advanced Micro Devices by 14.8% during the second quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer’s stock valued at $71,000 after acquiring an additional 65 shares in the last quarter. Finally, Tritonpoint Wealth LLC raised its position in shares of Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after purchasing an additional 72 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $260.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. HSBC boosted their target price on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Robert W. Baird set a $300.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 5th. Truist Financial reissued a “buy” rating and set a $279.00 price objective (up from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Finally, Barclays reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.54.

Read Our Latest Report on AMD

Advanced Micro Devices Stock Performance

Shares of AMD opened at $210.78 on Monday. The stock has a 50 day moving average of $231.11 and a 200 day moving average of $180.04. The company has a market capitalization of $343.16 billion, a price-to-earnings ratio of 104.35, a PEG ratio of 1.56 and a beta of 1.93. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 35.6% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the sale, the chief executive officer owned 3,277,476 shares of the company’s stock, valued at approximately $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,108 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the completion of the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 183,476 shares of company stock worth $40,249,093. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Company Profile

(Free Report)

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.

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