Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Private Trust Co. NA

Private Trust Co. NA lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 24.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,668 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,320 shares during the quarter. Private Trust Co. NA’s holdings in Advanced Micro Devices were worth $729,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Advanced Micro Devices by 3.8% during the 4th quarter. BlackRock Inc. now owns 88,837,161 shares of the semiconductor manufacturer’s stock worth $12,783,668,000 after purchasing an additional 3,277,446 shares during the period. State Street Corp grew its stake in shares of Advanced Micro Devices by 5.5% during the 4th quarter. State Street Corp now owns 47,680,903 shares of the semiconductor manufacturer’s stock worth $6,861,282,000 after purchasing an additional 2,487,113 shares during the period. Fisher Asset Management LLC grew its stake in shares of Advanced Micro Devices by 26.5% during the 4th quarter. Fisher Asset Management LLC now owns 19,956,550 shares of the semiconductor manufacturer’s stock worth $2,871,748,000 after purchasing an additional 4,177,219 shares during the period. Geode Capital Management LLC boosted its position in shares of Advanced Micro Devices by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 19,885,441 shares of the semiconductor manufacturer’s stock worth $2,853,395,000 after buying an additional 593,949 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Advanced Micro Devices by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,566,368 shares of the semiconductor manufacturer’s stock worth $1,190,178,000 after buying an additional 92,069 shares in the last quarter. 69.61% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. Piper Sandler upgraded shares of Advanced Micro Devices from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $98.00 to $140.00 in a research report on Tuesday, May 17th. Truist Financial reduced their target price on shares of Advanced Micro Devices from $144.00 to $111.00 and set a “hold” rating on the stock in a report on Friday, April 8th. KeyCorp reduced their target price on shares of Advanced Micro Devices from $165.00 to $150.00 in a report on Wednesday, May 4th. Barclays lowered shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $148.00 to $115.00 in a report on Thursday, March 31st. Finally, Craig Hallum reduced their target price on shares of Advanced Micro Devices from $160.00 to $130.00 in a report on Wednesday, May 4th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $139.79.

In related news, CFO Devinder Kumar sold 20,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the transaction, the chief financial officer now directly owns 504,370 shares of the company’s stock, valued at $51,667,662.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 20,180 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $125.00, for a total value of $2,522,500.00. The disclosure for this sale can be found here. Insiders have sold 79,146 shares of company stock worth $8,560,700 over the last three months. Corporate insiders own 1.00% of the company’s stock.

AMD stock opened at $83.75 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.96 and a current ratio of 2.40. The stock has a market capitalization of $135.72 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 0.64 and a beta of 1.86. Advanced Micro Devices, Inc. has a 1 year low of $79.43 and a 1 year high of $164.46. The stock’s fifty day moving average is $93.31 and its two-hundred day moving average is $112.60.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.19. The company had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Advanced Micro Devices had a return on equity of 20.66% and a net margin of 17.98%. The firm’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. As a group, analysts predict that Advanced Micro Devices, Inc. will post 4.01 EPS for the current fiscal year.

Advanced Micro Devices Company Profile (Get Rating)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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

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