TIAA Trust National Association Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

TIAA Trust National Association trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,833 shares of the semiconductor manufacturer’s stock after selling 937 shares during the period. TIAA Trust National Association’s holdings in Advanced Micro Devices were worth $2,637,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMD. Howard Capital Management Group LLC grew its stake in shares of Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 324 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after acquiring an additional 588,595 shares during the period. United Bank bought a new position in Advanced Micro Devices during the 3rd quarter worth approximately $516,000. Dynamic Technology Lab Private Ltd purchased a new position in Advanced Micro Devices in the 3rd quarter worth approximately $454,000. Finally, D.A. Davidson & CO. lifted its position in Advanced Micro Devices by 26.6% in the third quarter. D.A. Davidson & CO. now owns 36,451 shares of the semiconductor manufacturer’s stock valued at $5,981,000 after purchasing an additional 7,648 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on AMD shares. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. UBS Group set a $175.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. TD Cowen reduced their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Truist Financial set a $130.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $155.14.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $110.19 on Thursday. The business has a fifty day moving average price of $109.99 and a 200-day moving average price of $131.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market capitalization of $178.56 billion, a PE ratio of 111.30, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28.

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

About Advanced Micro Devices

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.