California State Teachers Retirement System raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,516,247 shares of the semiconductor manufacturer’s stock after purchasing an additional 31,434 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Advanced Micro Devices worth $18,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Advanced Micro Devices in the 1st quarter valued at approximately $100,000. K.J. Harrison & Partners Inc acquired a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $125,000. Regal Investment Advisors LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $137,000. Global X Management Co. LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $143,000. Finally, IBM Retirement Fund acquired a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $153,000. 59.11% of the stock is owned by hedge funds and other institutional investors.

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In other news, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $15.42, for a total value of $963,750.00. Following the completion of the sale, the senior vice president now owns 600,301 shares of the company’s stock, valued at $9,256,641.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of Advanced Micro Devices stock in a transaction on Friday, August 4th. The shares were sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The disclosure for this sale can be found here. Insiders sold a total of 42,157,502 shares of company stock valued at $21,024,000,027,762,700 over the last three months. Insiders own 1.60% of the company’s stock.

Several equities analysts have issued reports on AMD shares. Summit Redstone restated a “hold” rating on shares of Advanced Micro Devices in a research report on Saturday, July 22nd. Wells Fargo & Company reissued an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. MKM Partners reissued a “neutral” rating and set a $13.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 28th. Finally, Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.93.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period last year, the firm earned ($0.05) EPS.

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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