Canada Pension Plan Investment Board Has $129.92 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Canada Pension Plan Investment Board trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 55.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,075,600 shares of the semiconductor manufacturer’s stock after selling 1,324,489 shares during the period. Canada Pension Plan Investment Board’s holdings in Advanced Micro Devices were worth $129,922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Summit Securities Group LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $32,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMD shares. UBS Group dropped their price objective on Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Jefferies Financial Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $120.00 in a research note on Thursday, March 27th. Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. Finally, DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.90.

Advanced Micro Devices Stock Down 0.9 %

AMD stock opened at $87.50 on Friday. The firm has a 50-day moving average price of $101.40 and a 200-day moving average price of $124.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $141.42 billion, a P/E ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data 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%. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by company insiders.

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.