Public Employees Retirement System of Ohio trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 506,425 shares of the semiconductor manufacturer’s stock after selling 127,707 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Advanced Micro Devices worth $6,457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after buying an additional 8,243 shares during the period. First Personal Financial Services purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $127,000. 1492 Capital Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $128,000. Regal Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $137,000. Finally, Cetera Investment Advisers purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $137,000. Institutional investors own 60.09% of the company’s stock.

Several equities analysts have recently issued reports on AMD shares. Bank of America reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Sunday, October 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, September 21st. Jefferies Group restated a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, September 12th. Canaccord Genuity restated a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a research note on Friday, September 8th. Finally, Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Friday, October 27th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.40.

Advanced Micro Devices, Inc. (AMD) opened at $10.54 on Friday. The company has a market capitalization of $10,170.00, a P/E ratio of -131.75, a price-to-earnings-growth ratio of 84.31 and a beta of 2.46. Advanced Micro Devices, Inc. has a 12-month low of $9.42 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $10.04, for a total transaction of $1,255,000.00. Following the transaction, the chief executive officer now owns 1,994,862 shares of the company’s stock, valued at $20,028,414.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP James Robert Anderson sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $10.03, for a total value of $752,250.00. Following the completion of the transaction, the senior vice president now directly owns 323,773 shares in the company, valued at approximately $3,247,443.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,217,283 shares of company stock worth $13,776,594. 1.60% of the stock is currently owned by corporate insiders.

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Advanced Micro Devices Company Profile

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.

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

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