Greenfield Savings Bank Buys 424 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Greenfield Savings Bank boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,177 shares of the semiconductor manufacturer’s stock after purchasing an additional 424 shares during the period. Greenfield Savings Bank’s holdings in Advanced Micro Devices were worth $625,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AAFMAA Wealth Management & Trust LLC raised its holdings in Advanced Micro Devices by 6.5% in the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 10,654 shares of the semiconductor manufacturer’s stock valued at $1,287,000 after buying an additional 646 shares during the last quarter. Cullen Investment Group LTD. grew its stake in shares of Advanced Micro Devices by 3.5% in the fourth quarter. Cullen Investment Group LTD. now owns 18,432 shares of the semiconductor manufacturer’s stock worth $2,226,000 after purchasing an additional 625 shares during the last quarter. PSI Advisors LLC raised its position in Advanced Micro Devices by 6.7% during the 4th quarter. PSI Advisors LLC now owns 8,251 shares of the semiconductor manufacturer’s stock worth $997,000 after purchasing an additional 517 shares during the last quarter. PFW Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth about $265,000. Finally, Miracle Mile Advisors LLC grew its position in shares of Advanced Micro Devices by 5.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 30,182 shares of the semiconductor manufacturer’s stock valued at $3,646,000 after buying an additional 1,676 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMD shares. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a research note on Friday. Mizuho decreased their target price on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Citigroup cut their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $182.44.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $117.32 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $114.41 and a 12-month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $132.11 and a two-hundred day simple moving average of $146.27. The firm has a market cap of $190.39 billion, a price-to-earnings ratio of 105.69, a PEG ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Advanced Micro Devices Profile

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.