Dorsey & Whitney Trust CO LLC Buys 1,269 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Dorsey & Whitney Trust CO LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,683 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,269 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Advanced Micro Devices were worth $4,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMD. Tradewinds Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares during the period. Valued Wealth Advisors LLC boosted its stake in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 70 shares during the period. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMD shares. Roth Mkm dropped their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. KeyCorp dropped their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Susquehanna lifted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 10th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Finally, Morgan Stanley cut Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective for the company. in a report on Monday, June 10th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.47.

Advanced Micro Devices Price Performance

NASDAQ AMD traded down $4.19 during trading hours on Friday, reaching $151.58. 47,327,095 shares of the stock traded hands, compared to its average volume of 64,171,797. The company has a market cap of $245.00 billion, a price-to-earnings ratio of 222.92, a price-to-earnings-growth ratio of 1.85 and a beta of 1.68. The stock has a 50 day simple moving average of $164.27 and a two-hundred day simple moving average of $167.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company posted $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

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.